5001 Magoun 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 5001 Magoun Ave, East Chicago, IN, 46312 earns from $1,470/mo rent with a $2,276/mo payment. Total monthly income totals $1,470/mo. ROI tracks 9.62% on current figures, and rental yield reads 3.79% at a $465,000 purchase. Equity gained on principal adds $3,001/yr, and 5% annual appreciation supports $128,471 over five years. Five-year ROI reaches 47.44% and total cumulative return in cash sums $73,127. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,470/mo property income instead of your personal income.
Multi Family
Built in 1900
7,000 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: Michael Dailey • Listing Leaders
Mls Name: NIRA
Mls ID: #829086