231 Lincoln Hill DrValparaisoIN46385
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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 Valparaiso at 231 Lincoln Hill Dr, Valparaiso, IN, 46385 priced at $485,000 converts $2,310/mo rent into after a $2,374/mo obligation. Total monthly income equals $2,310/mo. Return on cash invested prints 15.42% in year one, and rental yield reads 5.72% against a $485,000 entry. Equity gained on principal adds $3,130/yr, while 5% annual appreciation compiles into $133,997 by year five. Five-year ROI reaches 78.53% and total cumulative return in cash sums $126,266. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,310/mo property income covering a $2,374/mo payment, not borrower’s personal income.
Single Family
Built in 1961
1 Acres lot
$N/A/sqft
No 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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