502 Pinehurst LnScherervilleIN46375
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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 Schererville at 502 Pinehurst Ln, Schererville, IN, 46375 priced at $398,000 pairs $3,692/mo rent with $1,053/mo cash flow after a $1,948/mo payment. Total monthly income equals $3,692/mo, and annual cash flow comes to $12,632/yr on $131,937 invested. Return on cash invested is 29.48% in year one, and rental yield stands at 11.13% on a $398,000 basis. Equity gained on principal adds $2,568/yr, and 5% annual appreciation accumulates to $109,960 by year five. Five-year ROI measures 154.76% and total cumulative return in cash reaches $204,192. For financing, Ziffy Mortgage’s DSCR program evaluates $3,692/mo property income against a $1,948/mo payment instead of your W2s, 1099s, or Tax returns.
Townhouse
Built in 1996
5,052 sqft lot
$N/A/sqft
$230 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46375, Schererville, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,551 (100%) |
| Owner Occupied HU | 8,260 (78.3%) |
| Renter Occupied HU | 1,893 (17.9%) |
| Vacant Housing Units | 398 ( 3.8%) |
| Median Home Value | $327,752 |
| Average Home Value | $358,935 |
Housing Distribution
Address Breakdown
Residential
10,438
Single Family
9,295
Multi-Family
1,143
Businesses
1,045
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Listed by: Lisa Blocker • Listing Leaders MVPs
Mls Name: NIRA
Mls Provider:
Mls ID: #823837
Disclaimer: Copyright 2025 MuItiple Listing Service of the Northwest Indiana REALTORS Association, Inc. All rights reserved. IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.