1617 E Michigan BlvdMichigan CityIN46360
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Nearby investment properties with comparable prices
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 Michigan City at 1617 E Michigan Blvd, Michigan City, IN, 46360 at $110,000 posts ROI 23.97% with $123/mo cash flow from $831/mo rent. Total monthly income equals $831/mo, and annual cash flow records $1,480/yr on $36,465 to close. Return on cash invested measures 23.97% and rental yield reads 9.07% at the current $110,000. Equity gained on principal adds $710/yr, and 5% annual appreciation supports $30,391 by year five. Five-year ROI prints 125.02% and total cumulative return in cash totals $45,588.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $831/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1910
6,298 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46360, Michigan City, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 21,591 (100%) |
| Owner Occupied HU | 11,713 (54.2%) |
| Renter Occupied HU | 6,451 (29.9%) |
| Vacant Housing Units | 3,427 (15.9%) |
| Median Home Value | $182,550 |
| Average Home Value | $260,534 |
Housing Distribution
Address Breakdown
Residential
19,767
Single Family
17,144
Multi-Family
2,623
Businesses
1,421
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Listed by: Daren Huber • Coldwell Banker Realty
Mls Name: NIRA
Mls Provider:
Mls ID: #819685
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