5969 Park Pl, Hammond, IN, 46320 | 4.58% Rental Yield

For Sale

Rental Income

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Total monthly income runs $1,217/mo, and a $1,561/mo payment. Purchase price stands at $319,000, and rental yield measures 4.58% with $1,217/mo rent. Return on cash invested shows 11.99% in year one, and 5% annual appreciation builds toward $88,134 over five years. Five-year ROI reaches 60.18% and total cumulative return in cash records $63,637. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,217/mo property income covering a $1,561/mo payment rather than investor’s personal income.

Multi Family

Built in 1915

4,399 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