1607 Evans AveValparaisoIN46383
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Ziffy AI Summary
A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
- Attractive rent-to-price ratio for income stability
- Good fit for DSCR financing with healthy coverage
Investment Highlights
Investment property for sale in Valparaiso at 1607 Evans Ave, Valparaiso, IN, 46383 earns $527/mo cash flow from $2,267/mo rent with a $1,419/mo payment. Total monthly income totals $2,267/mo, and annual cash flow totals $6,320/yr on $96,102 capital. ROI tracks 26.49% on current figures, and rental yield reads 9.38% at a $289,900 purchase. Equity gained on principal adds $1,871/yr, and 5% annual appreciation supports $80,094 over five years. Five-year ROI reaches 137.85% and total cumulative return in cash sums $132,477. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,267/mo property income instead of your personal income.
Single Family
Built in 1963
7,405 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46383, Valparaiso, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 18,498 (100%) |
| Owner Occupied HU | 11,580 (62.6%) |
| Renter Occupied HU | 5,911 (32.0%) |
| Vacant Housing Units | 1,007 ( 5.4%) |
| Median Home Value | $323,566 |
| Average Home Value | $344,855 |
Housing Distribution
Address Breakdown
Residential
17,447
Single Family
14,830
Multi-Family
2,617
Businesses
1,505
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Listed by: Melissa Capellari • Coldwell Banker Real Estate Gr
Mls Name: NIRA
Mls Provider:
Mls ID: #819372
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