246 142nd StHammondIN46327
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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 Hammond at 246 142nd St, Hammond, IN, 46327 offers a 6.62% rental yield on a $360,000 purchase with $1,986/mo rent. 15% in year one. Equity gained on principal adds $2,323/yr while 5% annual appreciation supports $99,461 over five years. Portfolio math shows five-year ROI at 93.15% and total cumulative return in cash at $111,165. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,986/mo property income against a $1,762/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1886
5,662 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46327, Hammond, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,137 (100%) |
| Owner Occupied HU | 2,427 (58.7%) |
| Renter Occupied HU | 1,303 (31.5%) |
| Vacant Housing Units | 407 ( 9.8%) |
| Median Home Value | $142,175 |
| Average Home Value | $172,215 |
Housing Distribution
Address Breakdown
Residential
3,637
Single Family
3,539
Multi-Family
98
Businesses
225
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