1628 Heritage DrLowellIN46356
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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
Rental property for sale in Lowell at 1628 Heritage Dr, Lowell, IN, 46356 priced at $232,500 pairs $2,411/mo rent with $890/mo cash flow after a $1,138/mo payment. Total monthly income equals $2,411/mo, and annual cash flow comes to $10,684/yr on $77,074 invested. Return on cash invested is 33.77% in year one, and rental yield stands at 12.44% on a $232,500 basis. Equity gained on principal adds $1,500/yr, and 5% annual appreciation accumulates to $64,235 by year five. Five-year ROI measures 177.68% and total cumulative return in cash reaches $136,944. For financing, Ziffy Mortgage’s DSCR program evaluates $2,411/mo property income against a $1,138/mo payment instead of your W2s, 1099s, or Tax returns.
Townhouse
Built in 1995
3,920 sqft lot
$N/A/sqft
$125 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46356, Lowell, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,032 (100%) |
| Owner Occupied HU | 6,541 (81.4%) |
| Renter Occupied HU | 1,041 (13.0%) |
| Vacant Housing Units | 450 ( 5.6%) |
| Median Home Value | $310,836 |
| Average Home Value | $337,461 |
Housing Distribution
Address Breakdown
Residential
7,673
Single Family
7,411
Multi-Family
262
Businesses
382
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Listed by: Cody Wedding • RE/MAX Executives
Mls Name: NIRA
Mls Provider:
Mls ID: #820238
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.