4845 McCook AveEast ChicagoIN46312
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeTight but positive: 4845 McCook Ave, East Chicago, IN, 46312 in East Chicago at $107,000 earns $827/mo in rent and nets $193/mo after the $481/mo payment, a 9.36% yield with limited short-term income headroom. The equity story offsets the thin monthly spread: 5% annual appreciation adds $29,562 over five years. Ziffy Mortgage underwrites this on a 1.72 DSCR without U.S. credit history. With $985/yr in principal paydown, total projected return reaches $52,416.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 9.4% | 7.0% |
| Monthly Cash Flow | $193 | $400 |
City averages based on East Chicago market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $827 |
| Total Monthly Debt Service | $600 |
| DSCR Ratio | 1.38x |
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 1921
3,288 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46312, East Chicago, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,707 (100%) |
| Owner Occupied HU | 4,168 (35.6%) |
| Renter Occupied HU | 5,726 (48.9%) |
| Vacant Housing Units | 1,813 (15.5%) |
| Median Home Value | $114,200 |
| Average Home Value | $171,080 |
Housing Distribution
Address Breakdown
Residential
8,920
Single Family
7,745
Multi-Family
1,175
Businesses
671
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 1921
3,288 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46312, East Chicago, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,707 (100%) |
| Owner Occupied HU | 4,168 (35.6%) |
| Renter Occupied HU | 5,726 (48.9%) |
| Vacant Housing Units | 1,813 (15.5%) |
| Median Home Value | $114,200 |
| Average Home Value | $171,080 |
Housing Distribution
Address Breakdown
Residential
8,920
Single Family
7,745
Multi-Family
1,175
Businesses
671
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Angela Manning • Integrity Realty Partners
Mls Name: NIRA
Mls Provider:
Mls ID: #821007
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