6340 New Jersey AveHammondIN46323
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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 Hammond at 6340 New Jersey Ave, Hammond, IN, 46323 listed at $160,300 pairs $2,088/mo rent with a $785/mo payment to leave $1,064/mo cash flow. Total monthly income runs $2,088/mo, and annual cash flow reaches $12,767/yr on $53,139 cash to close. Return on cash invested measures 43.93% in year one, and rental yield registers 15.63% at a $160,300 basis. Equity gained on principal adds $1,034/yr, and annual property appreciation at 5% supports $44,288 by year five. Five-year ROI tracks 231.94% and total cumulative return in cash totals $123,252. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,088/mo property income relative to a $785/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1957
5,750 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46323, Hammond, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,941 (100%) |
| Owner Occupied HU | 5,458 (61.0%) |
| Renter Occupied HU | 3,048 (34.1%) |
| Vacant Housing Units | 435 ( 4.9%) |
| Median Home Value | $165,722 |
| Average Home Value | $208,911 |
Housing Distribution
Address Breakdown
Residential
8,489
Single Family
7,307
Multi-Family
1,182
Businesses
420
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