342 W Anderson StCrown PointIN46307
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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 Crown Point at 342 W Anderson St, Crown Point, IN, 46307 offers $1,441/mo rent that, after a $1,050/mo payment. Total monthly income is $1,441/mo. Return on cash invested measures 18.95% in year one, and rental yield stands at 8.06% at a $214,500 entry. Equity gained on principal adds $1,384/yr while 5% annual appreciation compounds into $59,262 by year five. Five-year ROI records 98.81% and total cumulative return in cash reaches $70,260. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,441/mo property income versus a $1,050/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Townhouse
Built in 1972
840.71 sqft lot
$N/A/sqft
$115 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46307, Crown Point, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 28,493 (100%) |
| Owner Occupied HU | 23,758 (83.4%) |
| Renter Occupied HU | 3,580 (12.6%) |
| Vacant Housing Units | 1,155 ( 4.1%) |
| Median Home Value | $328,229 |
| Average Home Value | $358,457 |
Housing Distribution
Address Breakdown
Residential
27,816
Single Family
25,807
Multi-Family
2,009
Businesses
1,450
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Listed by: Daniel Spitale • McColly Real Estate
Mls Name: NIRA
Mls Provider:
Mls ID: #818643
Disclaimer: Copyright 2025 MuItiple Listing Service of the Northwest Indiana REALTORS Association, Inc. All rights reserved. IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.