522 Highland AveMichigan CityIN46360
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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 Michigan City at 522 Highland Ave, Michigan City, IN, 46360 at $112,000 posts ROI 26.82% with $214/mo cash flow from $886/mo rent. Total monthly income equals $886/mo, and annual cash flow records $2,566/yr on $37,128 to close. Return on cash invested measures 26.82% and rental yield reads 9.49% at the current $112,000. Equity gained on principal adds $723/yr, and 5% annual appreciation supports $30,944 by year five. Five-year ROI prints 139.67% and total cumulative return in cash totals $51,855.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $886/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1952
4,948 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46360, Michigan City, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 21,591 (100%) |
| Owner Occupied HU | 11,713 (54.2%) |
| Renter Occupied HU | 6,451 (29.9%) |
| Vacant Housing Units | 3,427 (15.9%) |
| Median Home Value | $182,550 |
| Average Home Value | $260,534 |
Housing Distribution
Address Breakdown
Residential
19,767
Single Family
17,144
Multi-Family
2,623
Businesses
1,421
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Listed by: Javina Bell-Lyles • Coldwell Banker Realty
Mls Name: NIRA
Mls Provider:
Mls ID: #824544
Disclaimer: Copyright 2025 MuItiple Listing Service of the Northwest Indiana REALTORS Association, Inc. All rights reserved. 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.