50702 Sorrel DrGrangerIN46530
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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 Granger at 50702 Sorrel Dr, Granger, IN, 46530 offers a 8.46% rental yield on a $299,500 purchase with $2,111/mo rent. Total monthly income registers $2,111/mo, and a $1,466/mo payment leaves $272/mo available for distribution. Annual cash flow reaches $3,266/yr on $99,284 to close, and return on cash invested stands at 23.2% in year one. Equity gained on principal adds $1,933/yr while 5% annual appreciation supports $82,746 over five years. Portfolio math shows five-year ROI at 120.45% and total cumulative return in cash at $119,591. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,111/mo property income against a $1,466/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1987
0.40 Acres lot
$N/A/sqft
$200 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46530, Granger, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,467 (100%) |
| Owner Occupied HU | 10,079 (80.8%) |
| Renter Occupied HU | 1,813 (14.5%) |
| Vacant Housing Units | 575 ( 4.6%) |
| Median Home Value | $318,617 |
| Average Home Value | $362,554 |
Housing Distribution
Address Breakdown
Residential
12,208
Single Family
11,173
Multi-Family
1,035
Businesses
834
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Listed by: David Perry • RE/MAX 100
Mls Name: IRMLS
Mls Provider:
Mls ID: #202511505
Disclaimer: 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.