397 Millport DrValparaisoIN46385
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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 Valparaiso at 397 Millport Dr, Valparaiso, IN, 46385 earns $216/mo cash flow from $1,896/mo rent with a $1,370/mo payment. Total monthly income totals $1,896/mo, and annual cash flow totals $2,589/yr on $92,787 capital. ROI tracks 22.7% on current figures, and rental yield reads 8.13% at a $279,900 purchase. Equity gained on principal adds $1,806/yr, and 5% annual appreciation supports $77,331 over five years. Five-year ROI reaches 117.56% and total cumulative return in cash sums $109,081. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,896/mo property income instead of your personal income.
Single Family
Built in 1962
9,156 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: Lesly Cortes-Martinez • Banga Realty, LLC
Mls Name: NIRA
Mls ID: #830964