380 N Indiana AveCrown PointIN46307
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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 Crown Point at 380 N Indiana Ave, Crown Point, IN, 46307 offers $2,930/mo rent that, after a $1,857/mo payment, leaves $653/mo cash flow. Total monthly income is $2,930/mo, and annual cash flow is $7,830/yr on $125,764 cash. Return on cash invested measures 26.14% in year one, and rental yield stands at 9.27% at a $379,380 entry. Equity gained on principal adds $2,448/yr while 5% annual appreciation compounds into $104,816 by year five. Five-year ROI records 136% and total cumulative return in cash reaches $171,046. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,930/mo property income versus a $1,857/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Townhouse
Built in 2017
2,339 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46307, Crown Point, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 28,493 (100%) |
| Owner Occupied HU | 23,758 (83.4%) |
| Renter Occupied HU | 3,580 (12.6%) |
| Vacant Housing Units | 1,155 ( 4.1%) |
| Median Home Value | $328,229 |
| Average Home Value | $358,457 |
Housing Distribution
Address Breakdown
Residential
27,816
Single Family
25,807
Multi-Family
2,009
Businesses
1,450
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Listed by: Lori Pangburn • McColly Real Estate
Mls Name: NIRA
Mls ID: #827410