515 School StEast ChicagoIN46312
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Nearby investment properties with comparable prices
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 515 School St, East Chicago, IN, 46312 at $188,000 posts ROI 26.81% with $359/mo cash flow from $1,487/mo rent. Total monthly income equals $1,487/mo, and annual cash flow records $4,304/yr on $62,322 to close. Return on cash invested measures 26.81% and rental yield reads 9.49% at the current $188,000. Equity gained on principal adds $1,213/yr, and 5% annual appreciation supports $51,941 by year five. Five-year ROI prints 139.65% and total cumulative return in cash totals $87,032.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $1,487/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1919
1,520 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: Tailiah Morris • Coldwell Banker Realty
Mls Name: NIRA
Mls ID: #831100