37 Lilac CtScherervilleIN46375
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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 Schererville at 37 Lilac Ct, Schererville, IN, 46375 with 5% annual appreciation on a $224,900 basis while $2,030/mo rent supports operations. Total monthly income totals $2,030/mo and a $1,101/mo payment preserves $430/mo for cash returns. Annual cash flow comes to $5,157/yr on $74,554 deployed, and return on cash invested reaches 26.83% in year one. Equity gained on principal adds $1,451/yr, and five-year appreciation sums $62,136 alongside rental yield of 10.83%. Five-year ROI measures 141.16% and total cumulative return in cash totals $105,241.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $2,030/mo property income versus a $1,101/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Condo
Built in 1983
N/A lot
$N/A/sqft
$250 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46375, Schererville, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,551 (100%) |
| Owner Occupied HU | 8,260 (78.3%) |
| Renter Occupied HU | 1,893 (17.9%) |
| Vacant Housing Units | 398 ( 3.8%) |
| Median Home Value | $327,752 |
| Average Home Value | $358,935 |
Housing Distribution
Address Breakdown
Residential
10,438
Single Family
9,295
Multi-Family
1,143
Businesses
1,045
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Listed by: Lutrell Kirk • Kirk & Company Your Home Sold
Mls Name: NIRA
Mls Provider:
Mls ID: #825515
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