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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Rental property for sale in Griffith at 621 N Wheeler St, Griffith, IN, 46319 offers $2,400/mo rent that, after a $1,224/mo payment, leaves $899/mo cash flow. Total monthly income is $2,400/mo, and annual cash flow is $10,787/yr on $82,875 cash. Return on cash invested measures 32.92% in year one, and rental yield stands at 11.52% at a $250,000 entry. Equity gained on principal adds $1,613/yr while 5% annual appreciation compounds into $69,070 by year five. Five-year ROI records 172.39% and total cumulative return in cash reaches $142,870. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,400/mo property income versus a $1,224/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1969
7,840 sqft lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 46319, Griffith, IN area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,126 (100%) |
| Owner Occupied HU | 5,345 (65.8%) |
| Renter Occupied HU | 2,272 (28.0%) |
| Vacant Housing Units | 509 ( 6.3%) |
| Median Home Value | $229,192 |
| Average Home Value | $258,391 |
Residential
7,742
Single Family
7,161
Multi-Family
581
Businesses
601
Date | Event | Price |
|---|---|---|
| 2025-09-30 | Sold | $250,000 |
| 2025-08-08 | Pending sale | $269,900 |
| 2025-07-07 | Price change | $269,900 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| No tax history data available | ||||
Listed by: Angelica Guzman • Listing Leaders Northwest
Mls Name: NIRA
Mls Provider:
Mls ID: #822805
Disclaimer: Based on information submitted to the MLS GRID as of 2025-11-02 03:02:39 PST. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website. [Click here for more information](/mls-disclaimers/#185)
