3738 Pennsylvania AveEast ChicagoIN46312
Nearby investment properties with comparable rents
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 East Chicago at 3738 Pennsylvania Ave, East Chicago, IN, 46312 generates $1,525/mo in rent and, after a $538/mo payment, leaves $865/mo in cash flow. Total monthly income is $1,525/mo, and annual cash flow is $10,381/yr on $36,465 invested. Return on cash invested sits at 48.38% in year one, and rental yield is 16.64% on a $110,000 entry. Equity gained on principal adds $710/yr, while 5% annual appreciation builds toward $30,391 over five years. Five-year ROI reaches 255.4% and total cumulative return in cash sums $93,132. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,525/mo property income rather than buyer’s personal income.
Single Family
Built in 1971
4,499 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Olubukola Hamzat • Hamzat Realty
Mls Name: NIRA
Mls ID: #824985