304 N Jefferson StBrookIN47922
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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
Rental property for sale in Brook at 304 N Jefferson St, Brook, IN, 47922 priced at $128,000 converts $1,019/mo rent into $234/mo cash flow after a $627/mo obligation. Total monthly income equals $1,019/mo, and annual cash flow totals $2,811/yr on $42,432 invested. Return on cash invested prints 26.53% in year one, and rental yield reads 9.55% against a $128,000 entry. Equity gained on principal adds $826/yr, while 5% annual appreciation compiles into $35,364 by year five. Five-year ROI reaches 138.4% and total cumulative return in cash sums $58,727. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,019/mo property income covering a $627/mo payment, not borrower’s personal income.
Single Family
Built in 1910
9,517 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 47922, Brook, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 626 (100%) |
| Owner Occupied HU | 453 (72.4%) |
| Renter Occupied HU | 115 (18.4%) |
| Vacant Housing Units | 58 ( 9.3%) |
| Median Home Value | $133,152 |
| Average Home Value | $176,788 |
Housing Distribution
Address Breakdown
Residential
421
Single Family
421
Multi-Family
0
Businesses
37
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Listed by: Andrea Standish • RE/MAX Executives
Mls Name: NIRA
Mls Provider:
Mls ID: #803979
Disclaimer: Copyright 2024 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.