3906 Catalpa StEast 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
Rental property for sale in East Chicago at 3906 Catalpa St, East Chicago, IN, 46312 offers $1,558/mo rent that, after a $244/mo payment, leaves $1,238/mo cash flow. Total monthly income is $1,558/mo, and annual cash flow is $14,858/yr on $16,542 cash. Return on cash invested measures 109.73% in year one, and rental yield stands at 37.47% at a $49,900 entry. Equity gained on principal adds $322/yr while 5% annual appreciation compounds into $13,786 by year five. Five-year ROI records 585.1% and total cumulative return in cash reaches $96,787. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,558/mo property income versus a $244/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Multi Family
Built in 1920
3,689 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: Deborah Hemphill • Weichert, Realtors-Moke Agency
Mls Name: NIRA
Mls Provider:
Mls ID: #810454
Disclaimer: Copyright 2024 MuItiple Listing Service of the Northwest Indiana REALTORS Association, Inc. All rights reserved. IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.