605 Pierce AveDyerIN46311
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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 Dyer at 605 Pierce Ave, Dyer, IN, 46311 priced at $329,900 converts $3,042/mo rent into $1,061/mo cash flow after a $1,615/mo obligation. Total monthly income equals $3,042/mo, and annual cash flow totals $12,736/yr on $109,362 invested. Return on cash invested prints 31.56% in year one, and rental yield reads 11.07% against a $329,900 entry. Equity gained on principal adds $2,129/yr, while 5% annual appreciation compiles into $91,145 by year five. Five-year ROI reaches 165.08% and total cumulative return in cash sums $180,531. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,042/mo property income covering a $1,615/mo payment, not borrower’s personal income.
Single Family
Built in 1974
9,060 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46311, Dyer, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,550 (100%) |
| Owner Occupied HU | 8,584 (89.9%) |
| Renter Occupied HU | 622 ( 6.5%) |
| Vacant Housing Units | 344 ( 3.6%) |
| Median Home Value | $335,628 |
| Average Home Value | $375,557 |
Housing Distribution
Address Breakdown
Residential
9,212
Single Family
8,996
Multi-Family
216
Businesses
509
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