622 N Lafayette StGriffithIN46319
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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 Griffith at 622 N Lafayette St, Griffith, IN, 46319 priced at $185,000 converts $1,648/mo rent into $538/mo cash flow after a $905/mo obligation. Total monthly income equals $1,648/mo, and annual cash flow totals $6,456/yr on $61,328 invested. Return on cash invested prints 30.44% in year one, and rental yield reads 10.69% against a $185,000 entry. Equity gained on principal adds $1,194/yr, while 5% annual appreciation compiles into $51,112 by year five. Five-year ROI reaches 159.03% and total cumulative return in cash sums $97,527. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,648/mo property income covering a $905/mo payment, not borrower’s personal income.
Single Family
Built in 1946
50,125 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46319, Griffith, IN area.
Housing Distribution
Housing Statistics
| 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 |
Housing Distribution
Address Breakdown
Residential
7,742
Single Family
7,161
Multi-Family
581
Businesses
601
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