5516 Northcote AveEast ChicagoIN46312
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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 East Chicago at 5516 Northcote Ave, East Chicago, IN, 46312 offers a 9.27% rental yield on a $169,900 purchase with $1,312/mo rent. Total monthly income registers $1,312/mo, and a $832/mo payment leaves $292/mo available for distribution. Annual cash flow reaches $3,500/yr on $56,322 to close, and return on cash invested stands at 26.12% in year one. Equity gained on principal adds $1,096/yr while 5% annual appreciation supports $46,940 over five years. Portfolio math shows five-year ROI at 135.96% and total cumulative return in cash at $76,574. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,312/mo property income against a $832/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1956
5,797 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46312, East Chicago, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,707 (100%) |
| Owner Occupied HU | 4,168 (35.6%) |
| Renter Occupied HU | 5,726 (48.9%) |
| Vacant Housing Units | 1,813 (15.5%) |
| Median Home Value | $114,200 |
| Average Home Value | $171,080 |
Housing Distribution
Address Breakdown
Residential
8,920
Single Family
7,745
Multi-Family
1,175
Businesses
671
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Listed by: Kimberly Seitzinger • McColly Real Estate
Mls Name: NIRA
Mls ID: #826803