316 E 7th StMichigan CityIN46360
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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 Michigan City at 316 E 7th St, Michigan City, IN, 46360 with 5% annual appreciation on a $383,200 basis while $3,149/mo rent supports operations. Total monthly income totals $3,149/mo and a $1,876/mo payment preserves $848/mo for cash returns. Annual cash flow comes to $10,179/yr on $127,031 deployed, and return on cash invested reaches 27.92% in year one. Equity gained on principal adds $2,473/yr, and five-year appreciation sums $105,871 alongside rental yield of 9.86%. Five-year ROI measures 145.59% and total cumulative return in cash totals $184,941.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $3,149/mo property income versus a $1,876/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1890
6,930 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46360, Michigan City, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 21,591 (100%) |
| Owner Occupied HU | 11,713 (54.2%) |
| Renter Occupied HU | 6,451 (29.9%) |
| Vacant Housing Units | 3,427 (15.9%) |
| Median Home Value | $182,550 |
| Average Home Value | $260,534 |
Housing Distribution
Address Breakdown
Residential
19,767
Single Family
17,144
Multi-Family
2,623
Businesses
1,421
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Listed by: N/A • N/A
Mls Name: Zillow Rentals
Mls ID: #N/A