








A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |


Investment property for sale in Valparaiso at 3501 Timberbridge Dr APT C, Valparaiso, IN, 46383 earns $313/mo cash flow from $1,697/mo rent with a $896/mo payment. Total monthly income totals $1,697/mo, and annual cash flow totals $3,758/yr on $60,665 capital. ROI tracks 26.1% on current figures, and rental yield reads 11.13% at a $183,000 purchase. Equity gained on principal adds $1,181/yr, and 5% annual appreciation supports $50,560 over five years. Five-year ROI reaches 137.91% and total cumulative return in cash sums $83,663. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,697/mo property income instead of your personal income.
Condo
Built in 1992
N/A lot
$N/A/sqft
$285 monthly HOA
Neighborhood data shown for ZIP Code: 46383, Valparaiso, IN area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 18,498 (100%) |
| Owner Occupied HU | 11,580 (62.6%) |
| Renter Occupied HU | 5,911 (32.0%) |
| Vacant Housing Units | 1,007 ( 5.4%) |
| Median Home Value | $323,566 |
| Average Home Value | $344,855 |
Residential
17,447
Single Family
14,830
Multi-Family
2,617
Businesses
1,505
Date | Event | Price |
|---|---|---|
| 2025-06-21 | Listed for sale | $183,000 |
| 2015-06-26 | Sold | $55,440 |
| 2009-09-22 | Sold | $95,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-06-23 | $1077.56 | 2.19% | $128,900 | 4.63% |
| 2023-06-23 | $1054.48 | 10.26% | $123,200 | 5.84% |
| 2022-06-23 | $956.40 | 19.35% | $116,400 | 10.54% |



Listed by: Cindy Malmquist • Key Realty Indiana, LLC
Mls Name: NIRA
Mls Provider:
Mls ID: #822941
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.