223 Gregory AveMunsterIN46321
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
Investment Highlights
Investment property for sale in Munster at 223 Gregory Ave, Munster, IN, 46321 uses $89,472 cash to close to unlock $3,162/yr annual cash flow and $264/mo monthly cash flow. Total monthly income runs $1,894/mo, and a $1,321/mo payment keeps the spread at $264/mo. Purchase price stands at $269,900, and rental yield measures 8.42% with $1,894/mo rent. Return on cash invested shows 23.44% in year one, and 5% annual appreciation builds toward $74,568 over five years. Five-year ROI reaches 121.61% and total cumulative return in cash records $108,810. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,894/mo property income covering a $1,321/mo payment rather than investor’s personal income.
Single Family
Built in 1941
5,998 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46321, Munster, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,578 (100%) |
| Owner Occupied HU | 8,067 (84.2%) |
| Renter Occupied HU | 1,108 (11.6%) |
| Vacant Housing Units | 403 ( 4.2%) |
| Median Home Value | $333,282 |
| Average Home Value | $375,530 |
Housing Distribution
Address Breakdown
Residential
9,440
Single Family
8,005
Multi-Family
1,435
Businesses
799
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Cory Wendt • Real Broker, LLC
Mls Name: NIRA
Mls Provider:
Mls ID: #823467
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.