514 Spring 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
Investment property for sale in East Chicago at 514 Spring St, East Chicago, IN, 46312 with 5% annual appreciation on a $175,000 basis while $1,699/mo rent supports operations. Total monthly income totals $1,699/mo and a $857/mo payment preserves $648/mo for cash returns. Annual cash flow comes to $7,776/yr on $58,013 deployed, and return on cash invested reaches 33.31% in year one. Equity gained on principal adds $1,129/yr, and five-year appreciation sums $48,349 alongside rental yield of 11.65%. Five-year ROI measures 174.57% and total cumulative return in cash totals $101,275.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,699/mo property income versus a $857/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
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: Joseph Young • Listing Leaders
Mls Name: NIRA
Mls ID: #829966