532 Sassafrass CtValparaisoIN46385
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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
Rental property for sale in Valparaiso at 532 Sassafrass Ct, Valparaiso, IN, 46385 priced at $229,900 converts $2,237/mo rent into $857/mo cash flow after a $1,125/mo obligation. Total monthly income equals $2,237/mo, and annual cash flow totals $10,286/yr on $76,212 invested. Return on cash invested prints 33.41% in year one, and rental yield reads 11.68% against a $229,900 entry. Equity gained on principal adds $1,484/yr, while 5% annual appreciation compiles into $63,517 by year five. Five-year ROI reaches 175.01% and total cumulative return in cash sums $133,379. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,237/mo property income covering a $1,125/mo payment, not borrower’s personal income.
Single Family
Built in 1977
6,969 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46385, Valparaiso, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 17,104 (100%) |
| Owner Occupied HU | 14,253 (83.3%) |
| Renter Occupied HU | 2,163 (12.6%) |
| Vacant Housing Units | 688 ( 4.0%) |
| Median Home Value | $335,578 |
| Average Home Value | $360,727 |
Housing Distribution
Address Breakdown
Residential
16,777
Single Family
16,182
Multi-Family
595
Businesses
505
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Listed by: Lindsay Phelan • RE/MAX Executives
Mls Name: NIRA
Mls ID: #827558