4227 Wabash AveHammondIN46327
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
Investment Highlights
Investment property for sale in Hammond at 4227 Wabash Ave, Hammond, IN, 46327 uses $62,968 cash to close to unlock $2,482/yr annual cash flow and $207/mo monthly cash flow. Total monthly income runs $1,455/mo, and a $930/mo payment keeps the spread at $207/mo. Purchase price stands at $189,950, and rental yield measures 9.19% with $1,455/mo rent. Return on cash invested shows 23.85% in year one, and 5% annual appreciation builds toward $52,480 over five years. Five-year ROI reaches 124.5% and total cumulative return in cash records $78,393. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,455/mo property income covering a $930/mo payment rather than investor’s personal income.
Single Family
Built in 1927
4,900 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Adrien Chabot • Listing Leaders Prestige LLC
Mls Name: NIRA
Mls Provider:
Mls ID: #817770
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.