5009 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
Rental property for sale in East Chicago at 5009 Magoun Ave, East Chicago, IN, 46312 priced at $246,500 pairs $1,711/mo rent with after a $1,206/mo payment. Total monthly income equals $1,711/mo. Return on cash invested is 19.15% in year one, and rental yield stands at 8.33% on a $246,500 basis. Equity gained on principal adds $1,591/yr, and 5% annual appreciation accumulates to $68,103 by year five. Five-year ROI measures 100.07% and total cumulative return in cash reaches $81,771. For financing, Ziffy Mortgage’s DSCR program evaluates $1,711/mo property income against a $1,206/mo payment instead of your W2s, 1099s, or Tax returns.
Multi Family
Built in 1904
3,484 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: N/A • N/A
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