17835 Hillside DrValparaisoIN46385
INVESTMENT ANALYSIS
Investment Verdict
Steady Equity BuilderTight but positive: 17835 Hillside Dr, Valparaiso, IN, 46385 in Valparaiso at $360,990 earns $2,310/mo in rent and nets $118/mo after the $1,623/mo payment, a 7.68% yield with limited short-term income headroom. The equity story offsets the thin monthly spread: 5% annual appreciation adds $99,735 over five years. Ziffy Mortgage underwrites this on a 1.42 DSCR without U.S. credit history. With $3,325/yr in principal paydown, total projected return reaches $144,316.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 7.7% | 6.1% |
| Monthly Cash Flow | $118 | $420 |
City averages based on Valparaiso market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $2,310 |
| Total Monthly Debt Service | $2,048 |
| DSCR Ratio | 1.13x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 2025
8,629 sqft lot
$N/A/sqft
$300 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46385, Valparaiso, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 17,104 (100%) |
| Owner Occupied HU | 14,253 (83.3%) |
| Renter Occupied HU | 2,163 (12.6%) |
| Vacant Housing Units | 688 ( 4.0%) |
| Median Home Value | $335,578 |
| Average Home Value | $360,727 |
Housing Distribution
Address Breakdown
Residential
16,777
Single Family
16,182
Multi-Family
595
Businesses
505
Nearby investment properties with comparable rents
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
Single Family
Built in 2025
8,629 sqft lot
$N/A/sqft
$300 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46385, Valparaiso, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 17,104 (100%) |
| Owner Occupied HU | 14,253 (83.3%) |
| Renter Occupied HU | 2,163 (12.6%) |
| Vacant Housing Units | 688 ( 4.0%) |
| Median Home Value | $335,578 |
| Average Home Value | $360,727 |
Housing Distribution
Address Breakdown
Residential
16,777
Single Family
16,182
Multi-Family
595
Businesses
505
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Carol Dobrzynski • Realty Executives Premier
Mls Name: NIRA
Mls Provider:
Mls ID: #818670
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.