229 Ballantrae StValparaisoIN46385
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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 229 Ballantrae St, Valparaiso, IN, 46385 with 5% annual appreciation on a $445,000 basis while $3,152/mo rent supports operations. Total monthly income totals $3,152/mo and a $2,178/mo payment preserves $291/mo for cash returns. Annual cash flow comes to $3,489/yr on $147,518 deployed, and return on cash invested reaches 22.27% in year one. Equity gained on principal adds $2,872/yr, and five-year appreciation sums $122,945 alongside rental yield of 8.5%. Five-year ROI measures 115.84% and total cumulative return in cash totals $170,888.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $3,152/mo property income versus a $2,178/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1998
5,227 sqft lot
$N/A/sqft
$190 monthly 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
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Listed by: Susie Jaskowiak • @properties/Christie's Intl RE
Mls Name: NIRA
Mls Provider:
Mls ID: #823952
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