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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Rental property for sale in Crown Point at 301 Michele Ave, Crown Point, IN, 46307 priced at $327,000 converts $3,100/mo rent into $1,137/mo cash flow after a $1,601/mo obligation. Total monthly income equals $3,100/mo, and annual cash flow totals $13,639/yr on $108,401 invested. Return on cash invested prints 32.49% in year one, and rental yield reads 11.38% against a $327,000 entry. Equity gained on principal adds $2,110/yr, while 5% annual appreciation compiles into $90,344 by year five. Five-year ROI reaches 170.07% and total cumulative return in cash sums $184,361. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,100/mo property income covering a $1,601/mo payment, not borrower’s personal income.
Single Family
Built in 1966
0.25 Acres lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 46307, Crown Point, IN area.
| 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 |
Residential
27,816
Single Family
25,807
Multi-Family
2,009
Businesses
1,450
Date | Event | Price |
|---|---|---|
| 2025-08-21 | Sold | $327,000 |
| 2025-07-08 | Contingent | $324,900 |
| 2025-07-03 | Listed for sale | $324,900 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-10-10 | $2663.10 | 7.32% | $260,700 | 9.45% |
| 2023-10-10 | $2481.44 | 7.96% | $238,200 | 6.20% |
| 2022-10-10 | $2298.48 | 4.50% | $224,300 | 7.73% |
Listed by: Gina Musolino • Coldwell Banker Realty
Mls Name: NIRA
Mls Provider:
Mls ID: #823655
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.
