521 E 53rd AveMerrillvilleIN46410
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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 Merrillville at 521 E 53rd Ave, Merrillville, IN, 46410 earns $176/mo cash flow from $1,677/mo rent with a $1,224/mo payment. Total monthly income totals $1,677/mo, and annual cash flow totals $2,111/yr on $82,875 capital. ROI tracks 22.46% on current figures, and rental yield reads 8.05% at a $250,000 purchase. Equity gained on principal adds $1,613/yr, and 5% annual appreciation supports $69,070 over five years. Five-year ROI reaches 116.24% and total cumulative return in cash sums $96,334. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,677/mo property income instead of your personal income.
Single Family
Built in 1962
9,583 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46410, Merrillville, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 17,618 (100%) |
| Owner Occupied HU | 10,197 (57.9%) |
| Renter Occupied HU | 6,280 (35.6%) |
| Vacant Housing Units | 1,141 ( 6.5%) |
| Median Home Value | $223,839 |
| Average Home Value | $250,345 |
Housing Distribution
Address Breakdown
Residential
17,068
Single Family
13,383
Multi-Family
3,685
Businesses
1,991
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Listed by: Linda Davis • Williams Executive Realty & As
Mls Name: NIRA
Mls ID: #827544