321 Deerpath Dr UNIT 210ScherervilleIN46375
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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
Investment property for sale in Schererville at 321 Deerpath Dr UNIT 210, Schererville, IN, 46375 listed at $190,000 pairs $2,046/mo rent with a $930/mo payment to leave $905/mo cash flow. Total monthly income runs $2,046/mo, and annual cash flow reaches $10,865/yr on $62,985 cash to close. Return on cash invested measures 37.16% in year one, and rental yield registers 12.92% at a $190,000 basis. Equity gained on principal adds $1,226/yr, and annual property appreciation at 5% supports $52,494 by year five. Five-year ROI tracks 195.15% and total cumulative return in cash totals $122,916. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,046/mo property income relative to a $930/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Condo
Built in 1980
N/A 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: Elaine Eich • McColly Real Estate
Mls Name: NIRA
Mls ID: #828814