51461 Harrington 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 51461 Harrington Dr, Granger, IN, 46530 uses $130,943 cash to close to unlock $673/yr annual cash flow and $56/mo monthly cash flow. Total monthly income runs $2,722/mo, and a $1,933/mo payment keeps the spread at $56/mo. Purchase price stands at $395,000, and rental yield measures 8.27% with $2,722/mo rent. Return on cash invested shows 20.42% in year one, and 5% annual appreciation builds toward $109,131 over five years. Five-year ROI reaches 106.37% and total cumulative return in cash records $139,278. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,722/mo property income covering a $1,933/mo payment rather than investor’s personal income.
Condo
Built in 1992
0.34 Acres lot
$N/A/sqft
$250 monthly 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: Kirsten Sharpe • Sharpe Realty, LLC
Mls Name: IRMLS
Mls Provider:
Mls ID: #202509542
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.