586 Cheyenne CtWestvilleIN46391
INVESTMENT ANALYSIS
Investment Verdict
Solid Income586 Cheyenne Ct, Westville, IN, 46391 in Westville is a solid income-producing rental, 9.81% gross yield, $3,269/mo rent, $787/mo net cash flow on a $399,900 buy. DSCR 1.82 qualifies the property for Ziffy Mortgage's financing without personal income documentation. Five-year appreciation of $110,485 and $3,683/yr in principal reduction project a total cumulative return of $202,345.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 9.8% | 5.0% |
| Monthly Cash Flow | $787 | $1,200 |
City averages based on Westville market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $3,269 |
| Total Monthly Debt Service | $2,323 |
| DSCR Ratio | 1.41x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 1990
0.61 Acres lot
$N/A/sqft
$977 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46391, Westville, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,666 (100%) |
| Owner Occupied HU | 2,138 (80.2%) |
| Renter Occupied HU | 320 (12.0%) |
| Vacant Housing Units | 208 ( 7.8%) |
| Median Home Value | $282,919 |
| Average Home Value | $313,773 |
Housing Distribution
Address Breakdown
Residential
2,427
Single Family
2,197
Multi-Family
230
Businesses
109
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
Single Family
Built in 1990
0.61 Acres lot
$N/A/sqft
$977 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46391, Westville, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,666 (100%) |
| Owner Occupied HU | 2,138 (80.2%) |
| Renter Occupied HU | 320 (12.0%) |
| Vacant Housing Units | 208 ( 7.8%) |
| Median Home Value | $282,919 |
| Average Home Value | $313,773 |
Housing Distribution
Address Breakdown
Residential
2,427
Single Family
2,197
Multi-Family
230
Businesses
109
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Richard Lahey • Coldwell Banker Real Estate Gr
Mls Name: NIRA
Mls Provider:
Mls ID: #812987
Disclaimer: Copyright 2024 MuItiple Listing Service of the Northwest Indiana REALTORS Association, Inc. All rights reserved. IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.