1626 James Edward DrMunsterIN46321
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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 Munster at 1626 James Edward Dr, Munster, IN, 46321 with 5% annual appreciation on a $449,000 basis while $3,490/mo rent supports operations. Total monthly income totals $3,490/mo and a $2,198/mo payment preserves $403/mo for cash returns. Annual cash flow comes to $4,835/yr on $148,844 deployed, and return on cash invested reaches 23.16% in year one. Equity gained on principal adds $2,897/yr, and five-year appreciation sums $124,050 alongside rental yield of 9.33%. Five-year ROI measures 121.15% and total cumulative return in cash totals $180,328.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $3,490/mo property income versus a $2,198/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Condo
Built in 1996
N/A lot
$N/A/sqft
$750 quarterly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46321, Munster, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,578 (100%) |
| Owner Occupied HU | 8,067 (84.2%) |
| Renter Occupied HU | 1,108 (11.6%) |
| Vacant Housing Units | 403 ( 4.2%) |
| Median Home Value | $333,282 |
| Average Home Value | $375,530 |
Housing Distribution
Address Breakdown
Residential
9,440
Single Family
8,005
Multi-Family
1,435
Businesses
799
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Listed by: Mary Behrens • RE/MAX 10 Schererville
Mls Name: NIRA
Mls Provider:
Mls ID: #817262
Disclaimer: Copyright 2025 MuItiple Listing Service of the Northwest Indiana REALTORS Association, Inc. All rights reserved. IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.