505 W Walnut 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 505 W Walnut St, Crown Point, IN, 46307 priced at $190,000 pairs $1,718/mo rent with $577/mo cash flow after a $930/mo payment. Total monthly income equals $1,718/mo, and annual cash flow comes to $6,929/yr on $62,985 invested. Return on cash invested is 30.91% in year one, and rental yield stands at 10.85% on a $190,000 basis. Equity gained on principal adds $1,226/yr, and 5% annual appreciation accumulates to $52,494 by year five. Five-year ROI measures 161.62% and total cumulative return in cash reaches $101,796. For financing, Ziffy Mortgage’s DSCR program evaluates $1,718/mo property income against a $930/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1950
5,227 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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Listed by: Stephen Kroczek • McColly Real Estate
Mls Name: NIRA
Mls Provider:
Mls ID: #822120
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.