617 Field DrValparaisoIN46383
INVESTMENT ANALYSIS
Investment Verdict
Appreciation PlayGlobal investors willing to prioritise equity over near-term yield will find 617 Field Dr, Valparaiso, IN, 46383 in Valparaiso worth study. Rental yield 5.47%. The 5.47% gross yield is below cash-flow benchmarks at $729,900, but 5% annual appreciation, adding $201,658 over five years, frames this as a capital growth position. Rent of $3,326/mo partially offsets the $3,282/mo payment. Ziffy Mortgage finances appreciation-play properties (1.01 DSCR) for non-U.S. residents without domestic income documentation; a 30–35% down payment maximises coverage. Total projected return: $208,312.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 5.5% | 6.1% |
| Monthly Cash Flow | $(1,055) | $420 |
City averages based on Valparaiso market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $3,326 |
| Total Monthly Debt Service | $4,091 |
| DSCR Ratio | 0.81x |
Ziffy Mortgage typically prefers a DSCR of 1.0+, but in some cases you may qualify with a DSCR below 1. To explore if this deal qualifies for an investment mortgage, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 1983
8.92 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46383, Valparaiso, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 18,498 (100%) |
| Owner Occupied HU | 11,580 (62.6%) |
| Renter Occupied HU | 5,911 (32.0%) |
| Vacant Housing Units | 1,007 ( 5.4%) |
| Median Home Value | $323,566 |
| Average Home Value | $344,855 |
Housing Distribution
Address Breakdown
Residential
17,447
Single Family
14,830
Multi-Family
2,617
Businesses
1,505
Nearby investment properties with comparable rents
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
Single Family
Built in 1983
8.92 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46383, Valparaiso, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 18,498 (100%) |
| Owner Occupied HU | 11,580 (62.6%) |
| Renter Occupied HU | 5,911 (32.0%) |
| Vacant Housing Units | 1,007 ( 5.4%) |
| Median Home Value | $323,566 |
| Average Home Value | $344,855 |
Housing Distribution
Address Breakdown
Residential
17,447
Single Family
14,830
Multi-Family
2,617
Businesses
1,505
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Brian Rossi • Listing Leaders Northwest
Mls Name: NIRA
Mls Provider:
Mls ID: #821736
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.