236 N Elgin StGriffithIN46319
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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 Griffith at 236 N Elgin St, Griffith, IN, 46319 with 5% annual appreciation on a $494,900 basis while $3,350/mo rent supports operations. Total monthly income totals $3,350/mo and a $2,422/mo payment preserves $379/mo for cash returns. Annual cash flow comes to $4,554/yr on $164,059 deployed, and return on cash invested reaches 22.68% in year one. Equity gained on principal adds $3,194/yr, and five-year appreciation sums $136,732 alongside rental yield of 8.12%. Five-year ROI measures 117.49% and total cumulative return in cash totals $192,747.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $3,350/mo property income versus a $2,422/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1992
10,410 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46319, Griffith, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,126 (100%) |
| Owner Occupied HU | 5,345 (65.8%) |
| Renter Occupied HU | 2,272 (28.0%) |
| Vacant Housing Units | 509 ( 6.3%) |
| Median Home Value | $229,192 |
| Average Home Value | $258,391 |
Housing Distribution
Address Breakdown
Residential
7,742
Single Family
7,161
Multi-Family
581
Businesses
601
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