420 Old Stone Rd UNIT H-4MunsterIN46321
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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 Munster at 420 Old Stone Rd UNIT H-4, Munster, IN, 46321 offers a 9.62% rental yield on a $173,500 purchase with $1,391/mo rent. Total monthly income registers $1,391/mo, and a $849/mo payment leaves $350/mo available for distribution. Annual cash flow reaches $4,197/yr on $57,515 to close, and return on cash invested stands at 27.21% in year one. Equity gained on principal adds $1,120/yr while 5% annual appreciation supports $47,935 over five years. Portfolio math shows five-year ROI at 141.74% and total cumulative return in cash at $81,520. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,391/mo property income against a $849/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 1975
N/A lot
$N/A/sqft
No 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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