610 Elmhurst AveValparaisoIN46385
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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 Valparaiso at 610 Elmhurst Ave, Valparaiso, IN, 46385 offers $1,759/mo rent that, after a $798/mo payment, leaves $747/mo cash flow. Total monthly income is $1,759/mo, and annual cash flow is $8,961/yr on $54,035 cash. Return on cash invested measures 36.49% in year one, and rental yield stands at 12.95% at a $163,000 entry. Equity gained on principal adds $1,052/yr while 5% annual appreciation compounds into $45,034 by year five. Five-year ROI records 191.8% and total cumulative return in cash reaches $103,639. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,759/mo property income versus a $798/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1927
0.29 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46385, Valparaiso, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 17,104 (100%) |
| Owner Occupied HU | 14,253 (83.3%) |
| Renter Occupied HU | 2,163 (12.6%) |
| Vacant Housing Units | 688 ( 4.0%) |
| Median Home Value | $335,578 |
| Average Home Value | $360,727 |
Housing Distribution
Address Breakdown
Residential
16,777
Single Family
16,182
Multi-Family
595
Businesses
505
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Nearby investment properties with comparable prices
Listed by: Richard Lahey • Coldwell Banker Real Estate Gr
Mls Name: NIRA
Mls Provider:
Mls ID: #540331
Disclaimer: Copyright 2025 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.