426 Hendricks StMichigan CityIN46360
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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 Michigan City at 426 Hendricks St, Michigan City, IN, 46360 listed at $149,900 pairs $1,184/mo rent with a $734/mo payment to leave $284/mo cash flow. Total monthly income runs $1,184/mo, and annual cash flow reaches $3,406/yr on $49,692 cash to close. Return on cash invested measures 26.76% in year one, and rental yield registers 9.48% at a $149,900 basis. Equity gained on principal adds $967/yr, and annual property appreciation at 5% supports $41,415 by year five. Five-year ROI tracks 139.36% and total cumulative return in cash totals $69,251. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,184/mo property income relative to a $734/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1925
5,932 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46360, Michigan City, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 21,591 (100%) |
| Owner Occupied HU | 11,713 (54.2%) |
| Renter Occupied HU | 6,451 (29.9%) |
| Vacant Housing Units | 3,427 (15.9%) |
| Median Home Value | $182,550 |
| Average Home Value | $260,534 |
Housing Distribution
Address Breakdown
Residential
19,767
Single Family
17,144
Multi-Family
2,623
Businesses
1,421
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Listed by: Brian Volckmann • @properties/Christie's Intl RE
Mls Name: NIRA
Mls ID: #827145