6181 Ontario DrWinfieldIN46307
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowThe yield at 6181 Ontario Dr, Winfield, IN, 46307 in Winfield speaks for itself: 30.87% gross on a $106,400 price, generating $2,737/mo in rent and $2,099/mo in net income after the $478/mo debt service. DSCR 5.73, a wide margin that supports Ziffy Mortgage's DSCR loan without any personal income check. Annual cash flow of $25,182 stacks alongside $29,396 in projected five-year appreciation and $980/yr in principal reduction. Projected total cumulative return: $175,375.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 30.9% | 6.0% |
| Monthly Cash Flow | $2,099 | $400 |
City averages based on Winfield market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $2,737 |
| Total Monthly Debt Service | $596 |
| DSCR Ratio | 4.59x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, 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.
Lot
Built in N/A
7,797 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46307, Crown Point, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 28,493 (100%) |
| Owner Occupied HU | 23,758 (83.4%) |
| Renter Occupied HU | 3,580 (12.6%) |
| Vacant Housing Units | 1,155 ( 4.1%) |
| Median Home Value | $328,229 |
| Average Home Value | $358,457 |
Housing Distribution
Address Breakdown
Residential
27,816
Single Family
25,807
Multi-Family
2,009
Businesses
1,450
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
Lot
Built in N/A
7,797 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46307, Crown Point, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 28,493 (100%) |
| Owner Occupied HU | 23,758 (83.4%) |
| Renter Occupied HU | 3,580 (12.6%) |
| Vacant Housing Units | 1,155 ( 4.1%) |
| Median Home Value | $328,229 |
| Average Home Value | $358,457 |
Housing Distribution
Address Breakdown
Residential
27,816
Single Family
25,807
Multi-Family
2,009
Businesses
1,450
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Traci Van Gundy • McColly Real Estate
Mls Name: NIRA
Mls Provider:
Mls ID: #545414
Disclaimer: Copyright 2024 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.