602 E 150th StEast ChicagoIN46312
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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
Rental property for sale in East Chicago at 602 E 150th St, East Chicago, IN, 46312 generates $1,081/mo in rent and, after a $680/mo payment, leaves $247/mo in cash flow. Total monthly income is $1,081/mo, and annual cash flow is $2,963/yr on $46,079 invested. Return on cash invested sits at 26.34% in year one, and rental yield is 9.33% on a $139,000 entry. Equity gained on principal adds $897/yr, while 5% annual appreciation builds toward $38,403 over five years. Five-year ROI reaches 137.08% and total cumulative return in cash sums $63,164. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,081/mo property income rather than buyer’s personal income.
Single Family
Built in 1907
3,402 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46312, East Chicago, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,707 (100%) |
| Owner Occupied HU | 4,168 (35.6%) |
| Renter Occupied HU | 5,726 (48.9%) |
| Vacant Housing Units | 1,813 (15.5%) |
| Median Home Value | $114,200 |
| Average Home Value | $171,080 |
Housing Distribution
Address Breakdown
Residential
8,920
Single Family
7,745
Multi-Family
1,175
Businesses
671
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Listed by: Timothy Galambos • Springer Real Estate Company
Mls Name: NIRA
Mls ID: #831186