347 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 347 E 60th Dr, Merrillville, IN, 46410 earns $935/mo cash flow from $2,041/mo rent with a $710/mo payment. Total monthly income totals $2,041/mo, and annual cash flow totals $11,223/yr on $48,068 capital. ROI tracks 43.26% on current figures, and rental yield reads 16.89% at a $145,000 purchase. Equity gained on principal adds $936/yr, and 5% annual appreciation supports $40,061 over five years. Five-year ROI reaches 229.99% and total cumulative return in cash sums $110,552. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,041/mo property income instead of your personal income.
Townhouse
Built in 1972
1,001 sqft lot
$N/A/sqft
$235 monthly 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: Miya Gonzalez • Coldwell Banker Realty
Mls Name: NIRA
Mls Provider:
Mls ID: #825440
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