1711 Earthstone DrValparaisoIN46383
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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 1711 Earthstone Dr, Valparaiso, IN, 46383 uses $69,449 cash to close to unlock $1,342/yr annual cash flow and $112/mo monthly cash flow. Total monthly income runs $1,669/mo, and a $1,025/mo payment keeps the spread at $112/mo. Purchase price stands at $209,500, and rental yield measures 9.56% with $1,669/mo rent. Return on cash invested shows 21.84% in year one, and 5% annual appreciation builds toward $57,881 over five years. Five-year ROI reaches 114.82% and total cumulative return in cash records $79,743. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,669/mo property income covering a $1,025/mo payment rather than investor’s personal income.
Condo
Built in 1979
4,530 sqft lot
$N/A/sqft
$300 monthly 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: Timothy Davids • McColly Real Estate
Mls Name: NIRA
Mls Provider:
Mls ID: #811323
Disclaimer: Copyright 2024 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.