639 N Wheeler St, Griffith, IN, 46319 | $660/mo Cash Flow

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

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639 N Wheeler St, Griffith, IN, 46319 | $660/mo Cash Flow | Ziffy

For Sale

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Investment property for sale in Griffith at 639 N Wheeler St, Griffith, IN, 46319 listed at $289,900 pairs $2,400/mo rent with a $1,419/mo payment to leave $660/mo cash flow. Total monthly income runs $2,400/mo, and annual cash flow reaches $7,916/yr on $96,102 cash to close. Return on cash invested measures 28.15% in year one, and rental yield registers 9.93% at a $289,900 basis. Equity gained on principal adds $1,871/yr, and annual property appreciation at 5% supports $80,094 by year five. Five-year ROI tracks 146.78% and total cumulative return in cash totals $141,057. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,400/mo property income relative to a $1,419/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).

Single Family

Built in 1968

7,840 sqft lot

$N/A/sqft

No HOA

More details about the property

Welcome to this charming home located at 639 N Wheeler St in Griffith, IN. This beautifully maintained property has spacious living areas with an abundance of natural light. The inviting kitchen features modern appliances and ample counter space. Enjoy peaceful evenings in the cozy living room or entertain guests in the expansive backyard. Conveniently located near local amenities, this home combines comfort and convenience in a desirable neighborhood.

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