1816 Elderberry CtCrown PointIN46307
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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 Crown Point at 1816 Elderberry Ct, Crown Point, IN, 46307 priced at $254,000 pairs $2,327/mo rent with $802/mo cash flow after a $1,243/mo payment. Total monthly income equals $2,327/mo, and annual cash flow comes to $9,630/yr on $84,201 invested. Return on cash invested is 31.35% in year one, and rental yield stands at 10.99% on a $254,000 basis. Equity gained on principal adds $1,639/yr, and 5% annual appreciation accumulates to $70,176 by year five. Five-year ROI measures 163.94% and total cumulative return in cash reaches $138,042. For financing, Ziffy Mortgage’s DSCR program evaluates $2,327/mo property income against a $1,243/mo payment instead of your W2s, 1099s, or Tax returns.
Townhouse
Built in 2004
2,178 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46307, Crown Point, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 28,493 (100%) |
| Owner Occupied HU | 23,758 (83.4%) |
| Renter Occupied HU | 3,580 (12.6%) |
| Vacant Housing Units | 1,155 ( 4.1%) |
| Median Home Value | $328,229 |
| Average Home Value | $358,457 |
Housing Distribution
Address Breakdown
Residential
27,816
Single Family
25,807
Multi-Family
2,009
Businesses
1,450
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Listed by: Lori Pangburn • McColly Real Estate
Mls Name: NIRA
Mls ID: #820043