502 Monroe 251 LocustValparaisoIN46383
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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 502 Monroe 251 Locust, Valparaiso, IN, 46383 earns from $1,922/mo rent with a $2,447/mo payment. Total monthly income totals $1,922/mo. ROI tracks 12.1% on current figures, and rental yield reads 4.61% at a $499,898 purchase. Equity gained on principal adds $3,226/yr, and 5% annual appreciation supports $138,113 over five years. Five-year ROI reaches 60.69% and total cumulative return in cash sums $100,572. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,922/mo property income instead of your personal income.
Multi Family
Built in 1880
8,712 sqft 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: Steve Likas • McColly Real Estate
Mls Name: NIRA
Mls ID: #831022