385 Riviera CtValparaisoIN46385
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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 Valparaiso at 385 Riviera Ct, Valparaiso, IN, 46385 offers $1,796/mo rent that, after a $1,238/mo payment, leaves $278/mo cash flow. Total monthly income is $1,796/mo, and annual cash flow is $3,331/yr on $83,870 cash. Return on cash invested measures 23.88% in year one, and rental yield stands at 8.52% at a $253,000 entry. Equity gained on principal adds $1,633/yr while 5% annual appreciation compounds into $69,899 by year five. Five-year ROI records 123.91% and total cumulative return in cash reaches $103,924. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,796/mo property income versus a $1,238/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1978
7,013 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46385, Valparaiso, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 17,104 (100%) |
| Owner Occupied HU | 14,253 (83.3%) |
| Renter Occupied HU | 2,163 (12.6%) |
| Vacant Housing Units | 688 ( 4.0%) |
| Median Home Value | $335,578 |
| Average Home Value | $360,727 |
Housing Distribution
Address Breakdown
Residential
16,777
Single Family
16,182
Multi-Family
595
Businesses
505
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Listed by: Roxanne Gottleber • RE/MAX Lifestyles
Mls Name: NIRA
Mls ID: #827671