3822 Melville AveEast 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 3822 Melville Ave, East Chicago, IN, 46312 uses $35,802 cash to close to unlock $5,824/yr annual cash flow and $485/mo monthly cash flow. Total monthly income runs $1,134/mo, and a $529/mo payment keeps the spread at $485/mo. Purchase price stands at $108,000, and rental yield measures 12.6% with $1,134/mo rent. Return on cash invested shows 36.18% in year one, and 5% annual appreciation builds toward $29,838 over five years. Five-year ROI reaches 189.93% and total cumulative return in cash records $68,000. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,134/mo property income covering a $529/mo payment rather than investor’s personal income.
Multi Family
Built in 1954
3,001 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: Mercedes Burgos Pomales • New Chapter Real Estate
Mls Name: NIRA
Mls ID: #826000