6034 Harrison StMerrillvilleIN46410
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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
Investment property for sale in Merrillville at 6034 Harrison St, Merrillville, IN, 46410 at $264,700 posts ROI 31.05% with $815/mo cash flow from $2,404/mo rent. Total monthly income equals $2,404/mo, and annual cash flow records $9,776/yr on $87,748 to close. Return on cash invested measures 31.05% and rental yield reads 10.9% at the current $264,700. Equity gained on principal adds $1,708/yr, and 5% annual appreciation supports $73,132 by year five. Five-year ROI prints 162.35% and total cumulative return in cash totals $142,457.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $2,404/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1978
6,098 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46410, Merrillville, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 17,618 (100%) |
| Owner Occupied HU | 10,197 (57.9%) |
| Renter Occupied HU | 6,280 (35.6%) |
| Vacant Housing Units | 1,141 ( 6.5%) |
| Median Home Value | $223,839 |
| Average Home Value | $250,345 |
Housing Distribution
Address Breakdown
Residential
17,068
Single Family
13,383
Multi-Family
3,685
Businesses
1,991
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Listed by: Justin Hanuscin • Listing Leaders
Mls Name: NIRA
Mls ID: #833060