506 Concord PlScherervilleIN46375
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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 Schererville at 506 Concord Pl, Schererville, IN, 46375 with 5% annual appreciation on a $364,900 basis while $3,274/mo rent supports operations. Total monthly income totals $3,274/mo and a $1,786/mo payment preserves $1,084/mo for cash returns. Annual cash flow comes to $13,003/yr on $120,964 deployed, and return on cash invested reaches 30.66% in year one. Equity gained on principal adds $2,355/yr, and five-year appreciation sums $100,815 alongside rental yield of 10.77%. Five-year ROI measures 160.25% and total cumulative return in cash totals $193,848.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $3,274/mo property income versus a $1,786/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1978
10,079 sqft lot
$N/A/sqft
No 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: Barbara LaPorte • Century 21 Circle
Mls Name: NIRA
Mls ID: #825863