531 E Joliet St, Crown Point, IN, 46307 | $305/mo Cash Flow

Save Search

Filters Applied

EditEdit Filters

Filters Applied:

Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

Home Type: Single Family

EditEdit Filters

531 E Joliet St, Crown Point, IN, 46307 | $305/mo Cash Flow | Ziffy

For Sale

Ziffy Mortgage

NMLS #2625701

Get Pre-Approved

Nearby investment properties with comparable rents

4 Bed
4 Bath
4672 sft

2885 135th Ln, Crown Point, IN, 46307

4 Bed
3 Bath
2520 sft

12323 S Cline Ave, Crown Pt, IN, 46307

4 Bed
4 Bath
3316 sft

The Nicholas Plan, Deer Ridge South, Crown Pt, IN, 46307

4 Bed
3 Bath
3115 sft

2585 W 132nd Ln, Crown Pt, IN, 46307

Nearby investment properties with comparable prices

3 Bed
3 Bath
2084 sft

17231 Brookwood Dr, Lowell, IN, 46356

4 Bed
4 Bath
4386 sft

5511 W 173rd Pl, Lowell, IN, 46356

4 Bed
4 Bath
2068 sft

15671 Truman St, Lowell, IN, 46356

4 Bed
3 Bath
2552 sft

6644 W 160th Pl, Lowell, IN, 46356

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

Explore more listings using simple english

Investment Highlights

Investment property for sale in Crown Point at 531 E Joliet St, Crown Point, IN, 46307 listed at $549,000 pairs $3,600/mo rent with a $2,687/mo payment to leave $305/mo cash flow. Total monthly income runs $3,600/mo, and annual cash flow reaches $3,654/yr on $180,621 cash to close. Return on cash invested measures 22.08% in year one, and rental yield registers 7.87% at a $549,000 basis. Equity gained on principal adds $3,543/yr, and annual property appreciation at 5% supports $151,679 by year five. Five-year ROI tracks 114.22% and total cumulative return in cash totals $206,312. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $3,600/mo property income relative to a $2,687/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).

Single Family

Built in 1914

28 Acres lot

$N/A/sqft

No HOA

More details about the property

Elegant Foursquare home in the Sunnyside Historic District in Crown Point and restored to its original condition. As you enter this home through a 31X9 enclosed , all window , sun porch you're greeted by a formal living room featuring an original fireplace with gas log and cozy parlour to your left. The beautiful dining room boasts French doors and an oak built-in buffet, leading to a custom eat in kitchen with built-in cabinets and Corian countertops. The home features all hardwood floors and stunning woodwork throughout, with 9-foot ceilings adding to the spacious feel." Also, features 4 bedroom 3 bathroom two story with finished attic , with dormers and partially finished basement providing spacious laundry room, office, family room and 3/4 bath. In addition to a 16X12 shop space, 31X9 storage under porch in basement. Two car garage, Period Gardens & Heritage rose gardens.Three blocks walking distance to out Historic Crown Point Square Proudly featured in the 2000 Tri Kappa Tour of Homes. Recent Upgrades Include: New high- efficiency boiler with two zones (2022), New AC & water heater (2024) New Roof (2022)

Neighborhood Data

Neighborhood data shown for ZIP Code: 46307, Crown Point, IN area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	28,493 (100%)
Owner Occupied HU	23,758 (83.4%)
Renter Occupied HU	3,580 (12.6%)
Vacant Housing Units	1,155 ( 4.1%)
Median Home Value	$328,229
Average Home Value	$358,457