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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Rental property for sale in Griffith at 541 N Jay Ave, Griffith, IN, 46319 priced at $249,900 converts $2,400/mo rent into $900/mo cash flow after a $1,223/mo obligation. Total monthly income equals $2,400/mo, and annual cash flow totals $10,800/yr on $82,842 invested. Return on cash invested prints 32.95% in year one, and rental yield reads 11.52% against a $249,900 entry. Equity gained on principal adds $1,613/yr, while 5% annual appreciation compiles into $69,043 by year five. Five-year ROI reaches 172.57% and total cumulative return in cash sums $142,958. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,400/mo property income covering a $1,223/mo payment, not borrower’s personal income.
Single Family
Built in 1963
8,712 sqft lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 46319, Griffith, IN area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,126 (100%) |
| Owner Occupied HU | 5,345 (65.8%) |
| Renter Occupied HU | 2,272 (28.0%) |
| Vacant Housing Units | 509 ( 6.3%) |
| Median Home Value | $229,192 |
| Average Home Value | $258,391 |
Residential
7,742
Single Family
7,161
Multi-Family
581
Businesses
601
Date | Event | Price |
|---|---|---|
| 2025-07-03 | Sold | $249,900 |
| 2025-05-26 | Pending sale | $249,900 |
| 2025-05-21 | Listed for sale | $249,900 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| No tax history data available | ||||
Listed by: Katherine Bultema • Compass Indiana, LLC
Mls Name: NIRA
Mls Provider:
Mls ID: #820184
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.
