404 Washington StValparaisoIN46383
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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 Valparaiso at 404 Washington St, Valparaiso, IN, 46383 priced at $821,400 converts $4,186/mo rent into after a $4,020/mo obligation. Total monthly income equals $4,186/mo. Return on cash invested prints 16.75% in year one, and rental yield reads 6.12% against a $821,400 entry. Equity gained on principal adds $5,300/yr, while 5% annual appreciation compiles into $226,938 by year five. Five-year ROI reaches 85.65% and total cumulative return in cash sums $231,462. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $4,186/mo property income covering a $4,020/mo payment, not borrower’s personal income.
Single Family
Built in 1900
6,969 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46383, Valparaiso, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 18,498 (100%) |
| Owner Occupied HU | 11,580 (62.6%) |
| Renter Occupied HU | 5,911 (32.0%) |
| Vacant Housing Units | 1,007 ( 5.4%) |
| Median Home Value | $323,566 |
| Average Home Value | $344,855 |
Housing Distribution
Address Breakdown
Residential
17,447
Single Family
14,830
Multi-Family
2,617
Businesses
1,505
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Listed by: N/A • N/A
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