4039 Torrence AveHammondIN46327
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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 Hammond at 4039 Torrence Ave, Hammond, IN, 46327 generates $2,658/mo in rent and, after a $1,419/mo payment, leaves $918/mo in cash flow. Total monthly income is $2,658/mo, and annual cash flow is $11,011/yr on $96,135 invested. Return on cash invested sits at 31.36% in year one, and rental yield is 11% on a $290,000 entry. Equity gained on principal adds $1,871/yr, while 5% annual appreciation builds toward $80,122 over five years. Five-year ROI reaches 164.02% and total cumulative return in cash sums $157,684. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,658/mo property income rather than buyer’s personal income.
Single Family
Built in 1947
4,399 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46327, Hammond, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,137 (100%) |
| Owner Occupied HU | 2,427 (58.7%) |
| Renter Occupied HU | 1,303 (31.5%) |
| Vacant Housing Units | 407 ( 9.8%) |
| Median Home Value | $142,175 |
| Average Home Value | $172,215 |
Housing Distribution
Address Breakdown
Residential
3,637
Single Family
3,539
Multi-Family
98
Businesses
225
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