3010 W 84th PlMerrillvilleIN46410
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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 Merrillville at 3010 W 84th Pl, Merrillville, IN, 46410 uses $132,335 cash to close to unlock $16,675/yr annual cash flow and $1,390/mo monthly cash flow. Total monthly income runs $3,786/mo, and a $1,954/mo payment keeps the spread at $1,390/mo. Purchase price stands at $399,200, and rental yield measures 11.38% with $3,786/mo rent. Return on cash invested shows 32.51% in year one, and 5% annual appreciation builds toward $110,292 over five years. Five-year ROI reaches 170.19% and total cumulative return in cash records $225,221. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,786/mo property income covering a $1,954/mo payment rather than investor’s personal income.
Single Family
Built in 2025
0.26 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46410, Merrillville, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 17,618 (100%) |
| Owner Occupied HU | 10,197 (57.9%) |
| Renter Occupied HU | 6,280 (35.6%) |
| Vacant Housing Units | 1,141 ( 6.5%) |
| Median Home Value | $223,839 |
| Average Home Value | $250,345 |
Housing Distribution
Address Breakdown
Residential
17,068
Single Family
13,383
Multi-Family
3,685
Businesses
1,991
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Listed by: Traci Van Gundy • McColly Real Estate
Mls Name: NIRA
Mls ID: #831997