5695 Phillips RdScherervilleIN46375
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Schererville at 5695 Phillips Rd, Schererville, IN, 46375 priced at $411,694 pairs $2,280/mo rent with after a $2,015/mo payment. Total monthly income equals $2,280/mo. Return on cash invested is 14.87% in year one, and rental yield stands at 6.65% on a $411,694 basis. Equity gained on principal adds $2,657/yr, and 5% annual appreciation accumulates to $113,743 by year five. Five-year ROI measures 76.82% and total cumulative return in cash reaches $104,847. For financing, Ziffy Mortgage’s DSCR program evaluates $2,280/mo property income against a $2,015/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 2022
9,365 sqft lot
$N/A/sqft
$174 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46375, Schererville, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,551 (100%) |
| Owner Occupied HU | 8,260 (78.3%) |
| Renter Occupied HU | 1,893 (17.9%) |
| Vacant Housing Units | 398 ( 3.8%) |
| Median Home Value | $327,752 |
| Average Home Value | $358,935 |
Housing Distribution
Address Breakdown
Residential
10,438
Single Family
9,295
Multi-Family
1,143
Businesses
1,045
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Listed by: Nicole Hanson • Advanced Real Estate, LLC
Mls Name: NIRA
Mls Provider:
Mls ID: #820901
Disclaimer: Based on information submitted to the MLS GRID as of 2025-10-30 22:37:50 PDT. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website. [Click here for more information](/mls-disclaimers/#185)