507 Broad StEast ChicagoIN46312
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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 East Chicago at 507 Broad St, East Chicago, IN, 46312 priced at $115,000 converts $897/mo rent into $207/mo cash flow after a $563/mo obligation. Total monthly income equals $897/mo, and annual cash flow totals $2,478/yr on $38,123 invested. Return on cash invested prints 26.41% in year one, and rental yield reads 9.36% against a $115,000 entry. Equity gained on principal adds $742/yr, while 5% annual appreciation compiles into $31,772 by year five. Five-year ROI reaches 137.52% and total cumulative return in cash sums $52,425. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $897/mo property income covering a $563/mo payment, not borrower’s personal income.
Single Family
Built in 1944
4,360 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46312, East Chicago, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,707 (100%) |
| Owner Occupied HU | 4,168 (35.6%) |
| Renter Occupied HU | 5,726 (48.9%) |
| Vacant Housing Units | 1,813 (15.5%) |
| Median Home Value | $114,200 |
| Average Home Value | $171,080 |
Housing Distribution
Address Breakdown
Residential
8,920
Single Family
7,745
Multi-Family
1,175
Businesses
671
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Listed by: David Whitehead • RE/MAX Lifestyles
Mls Name: NIRA
Mls Provider:
Mls ID: #822992
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