424 A Salt Creek PkwyValparaisoIN46385
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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 424 A Salt Creek Pkwy, Valparaiso, IN, 46385 priced at $220,000 converts $1,498/mo rent into $177/mo cash flow after a $1,077/mo obligation. Total monthly income equals $1,498/mo, and annual cash flow totals $2,126/yr on $72,930 invested. Return on cash invested prints 22.82% in year one, and rental yield reads 8.17% against a $220,000 entry. Equity gained on principal adds $1,420/yr, while 5% annual appreciation compiles into $60,782 by year five. Five-year ROI reaches 118.29% and total cumulative return in cash sums $86,267. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,498/mo property income covering a $1,077/mo payment, not borrower’s personal income.
Single Family
Built in 1976
9,147 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46385, Valparaiso, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 17,104 (100%) |
| Owner Occupied HU | 14,253 (83.3%) |
| Renter Occupied HU | 2,163 (12.6%) |
| Vacant Housing Units | 688 ( 4.0%) |
| Median Home Value | $335,578 |
| Average Home Value | $360,727 |
Housing Distribution
Address Breakdown
Residential
16,777
Single Family
16,182
Multi-Family
595
Businesses
505
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Listed by: Hoy Lee Bryson • The Lyons Group Real Estate
Mls Name: NIRA
Mls ID: #829820