493 N 414 EValparaisoIN46383
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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 Valparaiso at 493 N 414 E, Valparaiso, IN, 46383 offers a 4.22% rental yield on a $1,085,000 purchase with $3,816/mo rent. 16% in year one. Equity gained on principal adds $7,001/yr while 5% annual appreciation supports $299,766 over five years. Portfolio math shows five-year ROI at 55.59% and total cumulative return in cash at $195,434. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $3,816/mo property income against a $5,311/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 2006
1.08 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46383, Valparaiso, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 18,498 (100%) |
| Owner Occupied HU | 11,580 (62.6%) |
| Renter Occupied HU | 5,911 (32.0%) |
| Vacant Housing Units | 1,007 ( 5.4%) |
| Median Home Value | $323,566 |
| Average Home Value | $344,855 |
Housing Distribution
Address Breakdown
Residential
17,447
Single Family
14,830
Multi-Family
2,617
Businesses
1,505
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Listed by: Katia Fedor • @properties/Christie's Intl RE
Mls Name: NIRA
Mls ID: #827847