308 King Henry DrScherervilleIN46375
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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 Schererville at 308 King Henry Dr, Schererville, IN, 46375 offers $3,443/mo rent that, after a $2,129/mo payment, leaves $832/mo cash flow. Total monthly income is $3,443/mo, and annual cash flow is $9,984/yr on $144,169 cash. Return on cash invested measures 26.83% in year one, and rental yield stands at 9.5% at a $434,900 entry. Equity gained on principal adds $2,806/yr while 5% annual appreciation compounds into $120,155 by year five. Five-year ROI records 139.72% and total cumulative return in cash reaches $201,437. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $3,443/mo property income versus a $2,129/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1975
0.28 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46375, Schererville, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,551 (100%) |
| Owner Occupied HU | 8,260 (78.3%) |
| Renter Occupied HU | 1,893 (17.9%) |
| Vacant Housing Units | 398 ( 3.8%) |
| Median Home Value | $327,752 |
| Average Home Value | $358,935 |
Housing Distribution
Address Breakdown
Residential
10,438
Single Family
9,295
Multi-Family
1,143
Businesses
1,045
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Listed by: Michael Larson • Rose Real Estate
Mls Name: NIRA
Mls ID: #831621