38 Deerpath RdMerrillvilleIN46410
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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
Rental property for sale in Merrillville at 38 Deerpath Rd, Merrillville, IN, 46410 priced at $240,000 pairs $1,726/mo rent with $285/mo cash flow after a $1,175/mo payment. Total monthly income equals $1,726/mo, and annual cash flow comes to $3,420/yr on $79,560 invested. Return on cash invested is 24.21% in year one, and rental yield stands at 8.63% on a $240,000 basis. Equity gained on principal adds $1,549/yr, and 5% annual appreciation accumulates to $66,308 by year five. Five-year ROI measures 125.64% and total cumulative return in cash reaches $99,962. For financing, Ziffy Mortgage’s DSCR program evaluates $1,726/mo property income against a $1,175/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1941
0.27 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46410, Merrillville, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 17,618 (100%) |
| Owner Occupied HU | 10,197 (57.9%) |
| Renter Occupied HU | 6,280 (35.6%) |
| Vacant Housing Units | 1,141 ( 6.5%) |
| Median Home Value | $223,839 |
| Average Home Value | $250,345 |
Housing Distribution
Address Breakdown
Residential
17,068
Single Family
13,383
Multi-Family
3,685
Businesses
1,991
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Listed by: Jamesha Norwood • eXp Realty, LLC
Mls Name: NIRA
Mls ID: #824444