245 W Joliet St APT 103ScherervilleIN46375
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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 Schererville at 245 W Joliet St APT 103, Schererville, IN, 46375 offers a 9.48% rental yield on a $173,900 purchase with $1,374/mo rent. Total monthly income registers $1,374/mo, and a $851/mo payment leaves $26/mo available for distribution. Annual cash flow reaches $316/yr on $57,648 to close, and return on cash invested stands at 20.46% in year one. Equity gained on principal adds $1,122/yr while 5% annual appreciation supports $48,045 over five years. Portfolio math shows five-year ROI at 107.89% and total cumulative return in cash at $62,194. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,374/mo property income against a $851/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 1986
6.68 Acres lot
$N/A/sqft
$227 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46375, Schererville, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,551 (100%) |
| Owner Occupied HU | 8,260 (78.3%) |
| Renter Occupied HU | 1,893 (17.9%) |
| Vacant Housing Units | 398 ( 3.8%) |
| Median Home Value | $327,752 |
| Average Home Value | $358,935 |
Housing Distribution
Address Breakdown
Residential
10,438
Single Family
9,295
Multi-Family
1,143
Businesses
1,045
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Listed by: Gina Guarino • McColly Real Estate
Mls Name: NIRA
Mls Provider:
Mls ID: #811523
Disclaimer: Copyright 2024 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.