334 Franklin StPorterIN46304
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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 Porter at 334 Franklin St, Porter, IN, 46304 uses $72,433 cash to close to unlock $2,158/yr annual cash flow and $180/mo monthly cash flow. Total monthly income runs $1,491/mo, and a $1,069/mo payment keeps the spread at $180/mo. Purchase price stands at $218,500, and rental yield measures 8.19% with $1,491/mo rent. Return on cash invested shows 22.89% in year one, and 5% annual appreciation builds toward $60,368 over five years. Five-year ROI reaches 118.57% and total cumulative return in cash records $85,880. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,491/mo property income covering a $1,069/mo payment rather than investor’s personal income.
Single Family
Built in 1911
5,009 sqft 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: Traci Lauricella • Re/Max Harbor Country
Mls Name: NIRA
Mls Provider:
Mls ID: #823195
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