628 Old Forge RdValparaisoIN46385
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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 Valparaiso at 628 Old Forge Rd, Valparaiso, IN, 46385 uses $72,897 cash to close to unlock $1,971/yr annual cash flow and $164/mo monthly cash flow. Total monthly income runs $1,484/mo, and a $1,076/mo payment keeps the spread at $164/mo. Purchase price stands at $219,900, and rental yield measures 8.1% with $1,484/mo rent. Return on cash invested shows 22.61% in year one, and 5% annual appreciation builds toward $60,754 over five years. Five-year ROI reaches 117.15% and total cumulative return in cash records $85,396. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,484/mo property income covering a $1,076/mo payment rather than investor’s personal income.
Single Family
Built in 1972
9,517 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46385, Valparaiso, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 17,104 (100%) |
| Owner Occupied HU | 14,253 (83.3%) |
| Renter Occupied HU | 2,163 (12.6%) |
| Vacant Housing Units | 688 ( 4.0%) |
| Median Home Value | $335,578 |
| Average Home Value | $360,727 |
Housing Distribution
Address Breakdown
Residential
16,777
Single Family
16,182
Multi-Family
595
Businesses
505
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Listed by: Denise Mathews • Listing Leaders
Mls Name: NIRA
Mls ID: #829108