3731 Hemlock StEast ChicagoIN46312
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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 East Chicago at 3731 Hemlock St, East Chicago, IN, 46312 uses $99,450 cash to close to unlock $3,606/yr annual cash flow and $301/mo monthly cash flow. Total monthly income runs $2,101/mo, and a $1,468/mo payment keeps the spread at $301/mo. Purchase price stands at $300,000, and rental yield measures 8.4% with $2,101/mo rent. Return on cash invested shows 23.53% in year one, and 5% annual appreciation builds toward $82,884 over five years. Five-year ROI reaches 122.06% and total cumulative return in cash records $121,392. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,101/mo property income covering a $1,468/mo payment rather than investor’s personal income.
Single Family
Built in 1912
4,303 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46312, East Chicago, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,707 (100%) |
| Owner Occupied HU | 4,168 (35.6%) |
| Renter Occupied HU | 5,726 (48.9%) |
| Vacant Housing Units | 1,813 (15.5%) |
| Median Home Value | $114,200 |
| Average Home Value | $171,080 |
Housing Distribution
Address Breakdown
Residential
8,920
Single Family
7,745
Multi-Family
1,175
Businesses
671
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Listed by: Christina Lee • The Lyons Group Real Estate
Mls Name: NIRA
Mls ID: #826232