2903 Morningside DrCrown PointIN46307
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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 Crown Point at 2903 Morningside Dr, Crown Point, IN, 46307 offers a 9.62% rental yield on a $469,900 purchase with $3,766/mo rent. Total monthly income registers $3,766/mo, and a $2,300/mo payment leaves $945/mo available for distribution. Annual cash flow reaches $11,342/yr on $155,772 to close, and return on cash invested stands at 27.19% in year one. Equity gained on principal adds $3,032/yr while 5% annual appreciation supports $129,825 over five years. Portfolio math shows five-year ROI at 141.66% and total cumulative return in cash at $220,670. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $3,766/mo property income against a $2,300/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 2000
10,193 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46307, Crown Point, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 28,493 (100%) |
| Owner Occupied HU | 23,758 (83.4%) |
| Renter Occupied HU | 3,580 (12.6%) |
| Vacant Housing Units | 1,155 ( 4.1%) |
| Median Home Value | $328,229 |
| Average Home Value | $358,457 |
Housing Distribution
Address Breakdown
Residential
27,816
Single Family
25,807
Multi-Family
2,009
Businesses
1,450
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Listed by: Jennifer Poskin • @properties/Christie's Intl RE
Mls Name: NIRA
Mls ID: #826437