63 Kenwood StHammondIN46324
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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
Investment Highlights
Rental property for sale in Hammond at 63 Kenwood St, Hammond, IN, 46324 priced at $245,000 pairs $1,705/mo rent with $234/mo cash flow after a $1,199/mo payment. Total monthly income equals $1,705/mo, and annual cash flow comes to $2,814/yr on $81,218 invested. Return on cash invested is 23.37% in year one, and rental yield stands at 8.35% on a $245,000 basis. Equity gained on principal adds $1,581/yr, and 5% annual appreciation accumulates to $67,689 by year five. Five-year ROI measures 121.2% and total cumulative return in cash reaches $98,436. For financing, Ziffy Mortgage’s DSCR program evaluates $1,705/mo property income against a $1,199/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1923
0.26 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46324, Hammond, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,130 (100%) |
| Owner Occupied HU | 5,648 (61.9%) |
| Renter Occupied HU | 2,876 (31.5%) |
| Vacant Housing Units | 606 ( 6.6%) |
| Median Home Value | $185,586 |
| Average Home Value | $211,212 |
Housing Distribution
Address Breakdown
Residential
8,651
Single Family
8,119
Multi-Family
532
Businesses
437
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