373 Millport DrValparaisoIN46385
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Nearby investment properties with comparable prices
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 Valparaiso at 373 Millport Dr, Valparaiso, IN, 46385 priced at $239,000 pairs $1,595/mo rent with $160/mo cash flow after a $1,170/mo payment. Total monthly income equals $1,595/mo, and annual cash flow comes to $1,921/yr on $79,229 invested. Return on cash invested is 22.33% in year one, and rental yield stands at 8.01% on a $239,000 basis. Equity gained on principal adds $1,542/yr, and 5% annual appreciation accumulates to $66,031 by year five. Five-year ROI measures 115.66% and total cumulative return in cash reaches $91,632. For financing, Ziffy Mortgage’s DSCR program evaluates $1,595/mo property income against a $1,170/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1962
8,712 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46385, Valparaiso, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 17,104 (100%) |
| Owner Occupied HU | 14,253 (83.3%) |
| Renter Occupied HU | 2,163 (12.6%) |
| Vacant Housing Units | 688 ( 4.0%) |
| Median Home Value | $335,578 |
| Average Home Value | $360,727 |
Housing Distribution
Address Breakdown
Residential
16,777
Single Family
16,182
Multi-Family
595
Businesses
505
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Listed by: Kathryn DeArmond • Coldwell Banker Realty
Mls Name: NIRA
Mls ID: #828589