322 Sherman AveBurns HarborIN46304
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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 Burns Harbor at 322 Sherman Ave, Burns Harbor, IN, 46304 with 5% annual appreciation on a $315,000 basis while $2,831/mo rent supports operations. Total monthly income totals $2,831/mo and a $1,542/mo payment preserves $940/mo for cash returns. Annual cash flow comes to $11,278/yr on $104,423 deployed, and return on cash invested reaches 30.71% in year one. Equity gained on principal adds $2,033/yr, and five-year appreciation sums $87,029 alongside rental yield of 10.78%. Five-year ROI measures 160.52% and total cumulative return in cash totals $167,621.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $2,831/mo property income versus a $1,542/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Townhouse
Built in 2007
0.25 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46304, Chesterton, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,923 (100%) |
| Owner Occupied HU | 8,700 (73.0%) |
| Renter Occupied HU | 2,581 (21.6%) |
| Vacant Housing Units | 642 ( 5.4%) |
| Median Home Value | $313,394 |
| Average Home Value | $348,036 |
Housing Distribution
Address Breakdown
Residential
11,590
Single Family
11,019
Multi-Family
571
Businesses
1,010
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Listed by: Erin Booker • E & V Indianapolis, LLC
Mls Name: NIRA
Mls ID: #832285