51601 Salem Meadows DrGrangerIN46530
Nearby investment properties with comparable rents
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
Rental property for sale in Granger at 51601 Salem Meadows Dr, Granger, IN, 46530 generates $5,005/mo in rent, after a $5,335/mo payment. Total monthly income is $5,005/mo. Return on cash invested sits at 13.11% in year one, and rental yield is 5.51% on a $1,089,900 entry. Equity gained on principal adds $7,033/yr, while 5% annual appreciation builds toward $301,119 over five years. Five-year ROI reaches 66.77% and total cumulative return in cash sums $235,780. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $5,005/mo property income rather than buyer’s personal income.
Single Family
Built in 2018
0.97 Acres lot
$N/A/sqft
$350 annually 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Beau Dunfee • Weichert Rltrs-J.Dunfee&Assoc.
Mls Name: IRMLS
Mls Provider:
Mls ID: #202521356
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.