503 State Road 149ValparaisoIN46385
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 503 State Road 149, Valparaiso, IN, 46385 uses $107,704 cash to close to unlock $9,155/yr annual cash flow and $763/mo monthly cash flow. Total monthly income runs $2,713/mo, and a $1,590/mo payment keeps the spread at $763/mo. Purchase price stands at $324,900, and rental yield measures 10.02% with $2,713/mo rent. Return on cash invested shows 28.41% in year one, and 5% annual appreciation builds toward $89,764 over five years. Five-year ROI reaches 148.17% and total cumulative return in cash records $159,581. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,713/mo property income covering a $1,590/mo payment rather than investor’s personal income.
Single Family
Built in 1964
0.71 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46385, Valparaiso, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 17,104 (100%) |
| Owner Occupied HU | 14,253 (83.3%) |
| Renter Occupied HU | 2,163 (12.6%) |
| Vacant Housing Units | 688 ( 4.0%) |
| Median Home Value | $335,578 |
| Average Home Value | $360,727 |
Housing Distribution
Address Breakdown
Residential
16,777
Single Family
16,182
Multi-Family
595
Businesses
505
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Listed by: Jaclyn Gore-Williams • Listing Leaders
Mls Name: NIRA
Mls ID: #822236