3216 Morgan Creek CtValparaisoIN46385
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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 3216 Morgan Creek Ct, Valparaiso, IN, 46385 priced at $270,000 pairs $2,338/mo rent with $717/mo cash flow after a $1,322/mo payment. Total monthly income equals $2,338/mo, and annual cash flow comes to $8,601/yr on $89,505 invested. Return on cash invested is 29.52% in year one, and rental yield stands at 10.39% on a $270,000 basis. Equity gained on principal adds $1,742/yr, and 5% annual appreciation accumulates to $74,596 by year five. Five-year ROI measures 154.14% and total cumulative return in cash reaches $137,965. For financing, Ziffy Mortgage’s DSCR program evaluates $2,338/mo property income against a $1,322/mo payment instead of your W2s, 1099s, or Tax returns.
Condo
Built in 1994
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46385, Valparaiso, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 17,104 (100%) |
| Owner Occupied HU | 14,253 (83.3%) |
| Renter Occupied HU | 2,163 (12.6%) |
| Vacant Housing Units | 688 ( 4.0%) |
| Median Home Value | $335,578 |
| Average Home Value | $360,727 |
Housing Distribution
Address Breakdown
Residential
16,777
Single Family
16,182
Multi-Family
595
Businesses
505
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Listed by: Crystal Herendeen • Key Realty Indiana, LLC
Mls Name: NIRA
Mls ID: #823953