305 Erie StValparaisoIN46383
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 305 Erie St, Valparaiso, IN, 46383 earns $1,102/mo cash flow from $3,389/mo rent with a $1,640/mo payment. Total monthly income totals $3,389/mo, and annual cash flow totals $13,227/yr on $111,086 capital. ROI tracks 31.82% on current figures, and rental yield reads 12.14% at a $335,100 purchase. Equity gained on principal adds $2,162/yr, and 5% annual appreciation supports $92,582 over five years. Five-year ROI reaches 167.55% and total cumulative return in cash sums $186,124. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $3,389/mo property income instead of your personal income.
Single Family
Built in N/A
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46383, Valparaiso, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 18,498 (100%) |
| Owner Occupied HU | 11,580 (62.6%) |
| Renter Occupied HU | 5,911 (32.0%) |
| Vacant Housing Units | 1,007 ( 5.4%) |
| Median Home Value | $323,566 |
| Average Home Value | $344,855 |
Housing Distribution
Address Breakdown
Residential
17,447
Single Family
14,830
Multi-Family
2,617
Businesses
1,505
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Listed by: N/A • N/A
Mls Name: Zillow Rentals
Mls ID: #N/A