503 E Joliet StCrown PointIN46307
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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 Crown Point at 503 E Joliet St, Crown Point, IN, 46307 priced at $525,000 converts $5,242/mo rent into $2,090/mo cash flow after a $2,570/mo obligation. Total monthly income equals $5,242/mo, and annual cash flow totals $25,081/yr on $172,725 invested. Return on cash invested prints 34.58% in year one, and rental yield reads 11.98% against a $525,000 entry. Equity gained on principal adds $3,388/yr, while 5% annual appreciation compiles into $145,048 by year five. Five-year ROI reaches 181.26% and total cumulative return in cash sums $313,077. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $5,242/mo property income covering a $2,570/mo payment, not borrower’s personal income.
Single Family
Built in 1926
9,147 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46307, Crown Point, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 28,493 (100%) |
| Owner Occupied HU | 23,758 (83.4%) |
| Renter Occupied HU | 3,580 (12.6%) |
| Vacant Housing Units | 1,155 ( 4.1%) |
| Median Home Value | $328,229 |
| Average Home Value | $358,457 |
Housing Distribution
Address Breakdown
Residential
27,816
Single Family
25,807
Multi-Family
2,009
Businesses
1,450
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