5631 Alice AveHammondIN46320
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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 Hammond at 5631 Alice Ave, Hammond, IN, 46320 priced at $255,000 converts $1,883/mo rent into $352/mo cash flow after a $1,248/mo obligation. Total monthly income equals $1,883/mo, and annual cash flow totals $4,228/yr on $84,533 invested. Return on cash invested prints 24.91% in year one, and rental yield reads 8.86% against a $255,000 entry. Equity gained on principal adds $1,645/yr, while 5% annual appreciation compiles into $70,452 by year five. Five-year ROI reaches 129.46% and total cumulative return in cash sums $109,436. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,883/mo property income covering a $1,248/mo payment, not borrower’s personal income.
Single Family
Built in 1912
2,600 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46320, Hammond, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,335 (100%) |
| Owner Occupied HU | 2,205 (34.8%) |
| Renter Occupied HU | 3,520 (55.6%) |
| Vacant Housing Units | 610 ( 9.6%) |
| Median Home Value | $140,653 |
| Average Home Value | $155,228 |
Housing Distribution
Address Breakdown
Residential
5,335
Single Family
3,817
Multi-Family
1,518
Businesses
525
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Listed by: Andrea Erb-Stuhlmacher • Key Realty Indiana, LLC
Mls Name: NIRA
Mls Provider:
Mls ID: #818290
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