5816 Iris LnScherervilleIN46375
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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
Investment property for sale in Schererville at 5816 Iris Ln, Schererville, IN, 46375 earns $828/mo cash flow from $2,779/mo rent with a $1,591/mo payment. Total monthly income totals $2,779/mo, and annual cash flow totals $9,933/yr on $107,738 capital. ROI tracks 29.13% on current figures, and rental yield reads 10.26% at a $325,000 purchase. Equity gained on principal adds $2,097/yr, and 5% annual appreciation supports $89,792 over five years. Five-year ROI reaches 152.04% and total cumulative return in cash sums $163,801. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,779/mo property income instead of your personal income.
Single Family
Built in 2002
6,141 sqft lot
$N/A/sqft
No 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: Jessica Kish • New Chapter Real Estate
Mls Name: NIRA
Mls ID: #829718