3616 Michigan StNew ChicagoIN46342
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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 New Chicago at 3616 Michigan St, New Chicago, IN, 46342 earns $484/mo cash flow from $1,828/mo rent with a $1,096/mo payment. Total monthly income totals $1,828/mo, and annual cash flow totals $5,805/yr on $74,256 capital. ROI tracks 27.73% on current figures, and rental yield reads 9.79% at a $224,000 purchase. Equity gained on principal adds $1,445/yr, and 5% annual appreciation supports $61,887 over five years. Five-year ROI reaches 144.53% and total cumulative return in cash sums $107,323. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,828/mo property income instead of your personal income.
Single Family
Built in 1938
5,880 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46342, Hobart, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,699 (100%) |
| Owner Occupied HU | 9,996 (73.0%) |
| Renter Occupied HU | 2,806 (20.5%) |
| Vacant Housing Units | 897 ( 6.5%) |
| Median Home Value | $231,713 |
| Average Home Value | $262,010 |
Housing Distribution
Address Breakdown
Residential
13,166
Single Family
11,782
Multi-Family
1,384
Businesses
705
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Listed by: Rebecca Olson • Listing Leaders Affiliated
Mls Name: NIRA
Mls ID: #831936