2728 162nd StHammondIN46323
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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 2728 162nd St, Hammond, IN, 46323 uses $72,897 cash to close to unlock $3,027/yr annual cash flow and $252/mo monthly cash flow. Total monthly income runs $1,572/mo, and a $1,076/mo payment keeps the spread at $252/mo. Purchase price stands at $219,900, and rental yield measures 8.58% with $1,572/mo rent. Return on cash invested shows 24.06% in year one, and 5% annual appreciation builds toward $60,754 over five years. Five-year ROI reaches 124.92% and total cumulative return in cash records $91,060. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,572/mo property income covering a $1,076/mo payment rather than investor’s personal income.
Single Family
Built in 1943
4,865 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46323, Hammond, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,941 (100%) |
| Owner Occupied HU | 5,458 (61.0%) |
| Renter Occupied HU | 3,048 (34.1%) |
| Vacant Housing Units | 435 ( 4.9%) |
| Median Home Value | $165,722 |
| Average Home Value | $208,911 |
Housing Distribution
Address Breakdown
Residential
8,489
Single Family
7,307
Multi-Family
1,182
Businesses
420
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