2516 Schrage AveWhitingIN46394
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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 Whiting at 2516 Schrage Ave, Whiting, IN, 46394 with 5% annual appreciation on a $185,000 basis while $1,597/mo rent supports operations. Total monthly income totals $1,597/mo and a $905/mo payment preserves $385/mo for cash returns. Annual cash flow comes to $4,617/yr on $61,328 deployed, and return on cash invested reaches 27.44% in year one. Equity gained on principal adds $1,194/yr, and five-year appreciation sums $51,112 alongside rental yield of 10.36%. Five-year ROI measures 143.72% and total cumulative return in cash totals $88,143.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,597/mo property income versus a $905/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Multi Family
Built in 1913
2,500 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46394, Whiting, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,246 (100%) |
| Owner Occupied HU | 3,034 (57.8%) |
| Renter Occupied HU | 1,726 (32.9%) |
| Vacant Housing Units | 486 ( 9.3%) |
| Median Home Value | $198,776 |
| Average Home Value | $250,145 |
Housing Distribution
Address Breakdown
Residential
4,622
Single Family
4,241
Multi-Family
381
Businesses
279
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Listed by: Edward Evangelista • Coldwell Banker Realty
Mls Name: NIRA
Mls Provider:
Mls ID: #820386
Disclaimer: Copyright 2025 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.