51080 Cherry RdGrangerIN46530
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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 51080 Cherry Rd, Granger, IN, 46530 offers a 11.49% rental yield on a $505,000 purchase with $4,835/mo rent. Total monthly income registers $4,835/mo, and a $2,472/mo payment leaves $1,528/mo available for distribution. Annual cash flow reaches $18,339/yr on $166,145 to close, and return on cash invested stands at 31.1% in year one. Equity gained on principal adds $3,259/yr while 5% annual appreciation supports $139,522 over five years. Portfolio math shows five-year ROI at 163.3% and total cumulative return in cash at $271,314. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $4,835/mo property income against a $2,472/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Townhouse
Built in 2023
0.27 Acres lot
$N/A/sqft
$825 quarterly 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: Deborah Crowder • At Home Realty Group
Mls Name: IRMLS
Mls Provider:
Mls ID: #202447282
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.