338 N Woodlawn AveGriffithIN46319
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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 Griffith at 338 N Woodlawn Ave, Griffith, IN, 46319 priced at $264,900 converts $1,934/mo rent into $343/mo cash flow after a $1,297/mo obligation. Total monthly income equals $1,934/mo, and annual cash flow totals $4,121/yr on $87,814 invested. Return on cash invested prints 24.6% in year one, and rental yield reads 8.76% against a $264,900 entry. Equity gained on principal adds $1,709/yr, while 5% annual appreciation compiles into $73,187 by year five. Five-year ROI reaches 127.79% and total cumulative return in cash sums $112,220. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,934/mo property income covering a $1,297/mo payment, not borrower’s personal income.
Single Family
Built in 1950
7,492 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46319, Griffith, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,126 (100%) |
| Owner Occupied HU | 5,345 (65.8%) |
| Renter Occupied HU | 2,272 (28.0%) |
| Vacant Housing Units | 509 ( 6.3%) |
| Median Home Value | $229,192 |
| Average Home Value | $258,391 |
Housing Distribution
Address Breakdown
Residential
7,742
Single Family
7,161
Multi-Family
581
Businesses
601
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