512 W Joliet 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 512 W Joliet St, Crown Point, IN, 46307 priced at $639,900 converts $4,560/mo rent into $719/mo cash flow after a $3,132/mo obligation. Total monthly income equals $4,560/mo, and annual cash flow totals $8,625/yr on $210,527 invested. Return on cash invested prints 24.16% in year one, and rental yield reads 8.55% against a $639,900 entry. Equity gained on principal adds $4,129/yr, while 5% annual appreciation compiles into $176,793 by year five. Five-year ROI reaches 125.35% and total cumulative return in cash sums $263,891. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $4,560/mo property income covering a $3,132/mo payment, not borrower’s personal income.
Single Family
Built in 2021
0.53 Acres 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: Natalie Glover • Listing Leaders
Mls Name: NIRA
Mls ID: #827764