4928 Reading AveEast ChicagoIN46312
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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 East Chicago at 4928 Reading Ave, East Chicago, IN, 46312 listed at $144,900 pairs $1,090/mo rent with a $709/mo payment to leave $220/mo cash flow. Total monthly income runs $1,090/mo, and annual cash flow reaches $2,645/yr on $48,034 cash to close. Return on cash invested measures 25.42% in year one, and rental yield registers 9.03% at a $144,900 basis. Equity gained on principal adds $935/yr, and annual property appreciation at 5% supports $40,033 by year five. Five-year ROI tracks 132.21% and total cumulative return in cash totals $63,505. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,090/mo property income relative to a $709/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1917
6,298 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
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Listed by: Yolanda Bass • Listing Leaders
Mls Name: NIRA
Mls Provider:
Mls ID: #819019
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