5643 Claude 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 5643 Claude Ave, Hammond, IN, 46320 priced at $100,000 pairs $1,037/mo rent with $318/mo cash flow after a $489/mo payment. Total monthly income equals $1,037/mo, and annual cash flow comes to $3,820/yr on $33,150 invested. Return on cash invested is 31.43% in year one, and rental yield stands at 12.44% on a $100,000 basis. Equity gained on principal adds $645/yr, and 5% annual appreciation accumulates to $27,628 by year five. Five-year ROI measures 166.06% and total cumulative return in cash reaches $55,048. For financing, Ziffy Mortgage’s DSCR program evaluates $1,037/mo property income against a $489/mo payment instead of your W2s, 1099s, or Tax returns.
Multi Family
Built in 1927
2,613 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: Joseph Burdick • Weichert Realtors - Shoreline
Mls Name: NIRA
Mls Provider:
Mls ID: #820586
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