586 Cheyenne CtWestvilleIN46391
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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 Westville at 586 Cheyenne Ct, Westville, IN, 46391 offers a 9.81% rental yield on a $399,900 purchase with $3,269/mo rent. Total monthly income registers $3,269/mo, and a $1,957/mo payment leaves $787/mo available for distribution. Annual cash flow reaches $9,448/yr on $132,567 to close, and return on cash invested stands at 27.04% in year one. Equity gained on principal adds $2,580/yr while 5% annual appreciation supports $110,485 over five years. Portfolio math shows five-year ROI at 141.09% and total cumulative return in cash at $187,040. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $3,269/mo property income against a $1,957/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
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
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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.