28 S State Road 2ValparaisoIN46385
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Valparaiso at 28 S State Road 2, Valparaiso, IN, 46385 at $295,000 posts ROI 34.33% with $1,175/mo cash flow from $2,946/mo rent. Total monthly income equals $2,946/mo, and annual cash flow records $14,100/yr on $97,793 to close. Return on cash invested measures 34.33% and rental yield reads 11.98% at the current $295,000. Equity gained on principal adds $1,904/yr, and 5% annual appreciation supports $81,503 by year five. Five-year ROI prints 179.97% and total cumulative return in cash totals $175,994.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $2,946/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1965
1.10 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46385, Valparaiso, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 17,104 (100%) |
| Owner Occupied HU | 14,253 (83.3%) |
| Renter Occupied HU | 2,163 (12.6%) |
| Vacant Housing Units | 688 ( 4.0%) |
| Median Home Value | $335,578 |
| Average Home Value | $360,727 |
Housing Distribution
Address Breakdown
Residential
16,777
Single Family
16,182
Multi-Family
595
Businesses
505
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Listed by: Susan Beyler • Harbor & Lake Real Estate, LLC
Mls Name: NIRA
Mls ID: #822598