338 E 60th DrMerrillvilleIN46410
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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 Merrillville at 338 E 60th Dr, Merrillville, IN, 46410 listed at $147,500 pairs $1,141/mo rent with a $722/mo payment to leave $256/mo cash flow. Total monthly income runs $1,141/mo, and annual cash flow reaches $3,066/yr on $48,896 cash to close. Return on cash invested measures 26.18% in year one, and rental yield registers 9.28% at a $147,500 basis. Equity gained on principal adds $952/yr, and annual property appreciation at 5% supports $40,752 by year five. Five-year ROI tracks 136.26% and total cumulative return in cash totals $66,625. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,141/mo property income relative to a $722/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Townhouse
Built in 1973
1,306 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46410, Merrillville, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 17,618 (100%) |
| Owner Occupied HU | 10,197 (57.9%) |
| Renter Occupied HU | 6,280 (35.6%) |
| Vacant Housing Units | 1,141 ( 6.5%) |
| Median Home Value | $223,839 |
| Average Home Value | $250,345 |
Housing Distribution
Address Breakdown
Residential
17,068
Single Family
13,383
Multi-Family
3,685
Businesses
1,991
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Listed by: Lisa Brickley • Realty Executives Premier
Mls Name: NIRA
Mls ID: #829987