5856 Wallace RdHammondIN46320
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 Hammond at 5856 Wallace Rd, Hammond, IN, 46320 generates $1,089/mo in rent and, after a $685/mo payment, leaves $249/mo in cash flow. Total monthly income is $1,089/mo, and annual cash flow is $2,987/yr on $46,377 invested. Return on cash invested sits at 26.35% in year one, and rental yield is 9.34% on a $139,900 entry. Equity gained on principal adds $903/yr, while 5% annual appreciation builds toward $38,652 over five years. Five-year ROI reaches 137.14% and total cumulative return in cash sums $63,603. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,089/mo property income rather than buyer’s personal income.
Single Family
Built in 1917
3,998 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices