622 E 92nd AveMerrillvilleIN46410
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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
Investment property for sale in Merrillville at 622 E 92nd Ave, Merrillville, IN, 46410 listed at $289,000 pairs $2,467/mo rent with a $1,415/mo payment to leave $732/mo cash flow. Total monthly income runs $2,467/mo, and annual cash flow reaches $8,780/yr on $95,804 cash to close. Return on cash invested measures 29.07% in year one, and rental yield registers 10.24% at a $289,000 basis. Equity gained on principal adds $1,865/yr, and annual property appreciation at 5% supports $79,845 by year five. Five-year ROI tracks 151.75% and total cumulative return in cash totals $145,382. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,467/mo property income relative to a $1,415/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Townhouse
Built in 1994
8,738 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46410, Merrillville, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 17,618 (100%) |
| Owner Occupied HU | 10,197 (57.9%) |
| Renter Occupied HU | 6,280 (35.6%) |
| Vacant Housing Units | 1,141 ( 6.5%) |
| Median Home Value | $223,839 |
| Average Home Value | $250,345 |
Housing Distribution
Address Breakdown
Residential
17,068
Single Family
13,383
Multi-Family
3,685
Businesses
1,991
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Listed by: Vickie Tucker • BHHS Executive Realty
Mls Name: NIRA
Mls ID: #828169