410 Old Stone Rd APT 7MunsterIN46321
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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 Munster at 410 Old Stone Rd APT 7, Munster, IN, 46321 priced at $167,500 converts $1,318/mo rent into after a $820/mo obligation. Total monthly income equals $1,318/mo. Return on cash invested prints 19.72% in year one, and rental yield reads 9.44% against a $167,500 entry. Equity gained on principal adds $1,081/yr, while 5% annual appreciation compiles into $46,277 by year five. Five-year ROI reaches 104.15% and total cumulative return in cash sums $57,832. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,318/mo property income covering a $820/mo payment, not borrower’s personal income.
Condo
Built in 1975
N/A lot
$N/A/sqft
$321 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46321, Munster, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,578 (100%) |
| Owner Occupied HU | 8,067 (84.2%) |
| Renter Occupied HU | 1,108 (11.6%) |
| Vacant Housing Units | 403 ( 4.2%) |
| Median Home Value | $333,282 |
| Average Home Value | $375,530 |
Housing Distribution
Address Breakdown
Residential
9,440
Single Family
8,005
Multi-Family
1,435
Businesses
799
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Listed by: Catherine Higgins • McColly Real Estate
Mls Name: NIRA
Mls Provider:
Mls ID: #819408
Disclaimer: Copyright 2025 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.