637 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 637 Old Forge Rd, Valparaiso, IN, 46385 listed at $210,000 pairs $1,500/mo rent with a $1,028/mo payment to leave $239/mo cash flow. Total monthly income runs $1,500/mo, and annual cash flow reaches $2,871/yr on $69,615 cash to close. Return on cash invested measures 24.03% in year one, and rental yield registers 8.57% at a $210,000 basis. Equity gained on principal adds $1,355/yr, and annual property appreciation at 5% supports $58,019 by year five. Five-year ROI tracks 124.75% and total cumulative return in cash totals $86,848. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,500/mo property income relative to a $1,028/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1972
8,690 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: Luciano Cruz • Advanced Real Estate, LLC
Mls Name: NIRA
Mls ID: #829453