5644 Walter 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
Investment property for sale in Hammond at 5644 Walter Ave, Hammond, IN, 46320 uses $46,410 cash to close to unlock $3,030/yr annual cash flow and $252/mo monthly cash flow. Total monthly income runs $1,107/mo, and a $685/mo payment keeps the spread at $252/mo. Purchase price stands at $140,000, and rental yield measures 9.49% with $1,107/mo rent. Return on cash invested shows 26.44% in year one, and 5% annual appreciation builds toward $38,679 over five years. Five-year ROI reaches 137.79% and total cumulative return in cash records $63,946. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,107/mo property income covering a $685/mo payment rather than investor’s personal income.
Single Family
Built in 1922
0.38 Acres 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: Christina Fieldhouse • @properties/Christie's Intl RE
Mls Name: NIRA
Mls Provider:
Mls ID: #821713
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