306 Chicago StValparaisoIN46383
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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 Valparaiso at 306 Chicago St, Valparaiso, IN, 46383 priced at $1,120,077 converts $3,941/mo rent into after a $5,482/mo obligation. Total monthly income equals $3,941/mo. Return on cash invested prints 10.34% in year one, and rental yield reads 4.22% against a $1,120,077 entry. Equity gained on principal adds $7,228/yr, while 5% annual appreciation compiles into $309,457 by year five. Five-year ROI reaches 51.49% and total cumulative return in cash sums $186,875. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,941/mo property income covering a $5,482/mo payment, not borrower’s personal income.
Townhouse
Built in 2024
2,395 sqft lot
$N/A/sqft
$250 monthly 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: Larry Hitz • BHHS Executive Group RE
Mls Name: NIRA
Mls Provider:
Mls ID: #534629
Disclaimer: Based on information submitted to the MLS GRID as of 2025-10-30 04:52:44 PDT. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website. [Click here for more information](/mls-disclaimers/#185)