42 Elderberry LnValparaisoIN46383
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeThe income profile at 42 Elderberry Ln, Valparaiso, IN, 46383 in Valparaiso is straightforward: $359,990 in, $2,640/mo in rent, $458/mo out after debt service. The 8.8% gross yield and 1.63 DSCR make this exactly the kind of asset Ziffy Mortgage finances for non-U.S. residents without income documentation. Appreciation at 5%/yr adds $99,459 by year five. With $3,316/yr in principal equity, the total cumulative return is projected at $165,803.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 8.8% | 6.1% |
| Monthly Cash Flow | $458 | $420 |
City averages based on Valparaiso market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $2,640 |
| Total Monthly Debt Service | $2,039 |
| DSCR Ratio | 1.30x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 2026
9,147 sqft lot
$N/A/sqft
$250 annually 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Single Family
Built in 2026
9,147 sqft lot
$N/A/sqft
$250 annually 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Octavia Valencia • Octavia Valencia, Broker
Mls Name: NIRA as distributed by MLS GRID
Mls Provider:
Mls ID: #836058
Disclaimer: Based on information submitted to the MLS GRID as of 2026-03-27 07:42:33 PDT. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website. [Click here for more information](/mls-disclaimers/#185)