1704 Norwood DrGriffithIN46319
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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 Griffith at 1704 Norwood Dr, Griffith, IN, 46319 listed at $279,000 pairs $2,346/mo rent with a $1,366/mo payment to leave $476/mo cash flow. Total monthly income runs $2,346/mo, and annual cash flow reaches $5,717/yr on $92,489 cash to close. Return on cash invested measures 26.09% in year one, and rental yield registers 10.09% at a $279,000 basis. Equity gained on principal adds $1,800/yr, and annual property appreciation at 5% supports $77,083 by year five. Five-year ROI tracks 136.68% and total cumulative return in cash totals $126,415. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,346/mo property income relative to a $1,366/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1949
0.37 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46319, Griffith, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,126 (100%) |
| Owner Occupied HU | 5,345 (65.8%) |
| Renter Occupied HU | 2,272 (28.0%) |
| Vacant Housing Units | 509 ( 6.3%) |
| Median Home Value | $229,192 |
| Average Home Value | $258,391 |
Housing Distribution
Address Breakdown
Residential
7,742
Single Family
7,161
Multi-Family
581
Businesses
601
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