640 Old Forge RdValparaisoIN46385
Nearby investment properties with comparable rents
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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 640 Old Forge Rd, Valparaiso, IN, 46385 earns $275/mo cash flow from $1,847/mo rent with a $1,282/mo payment. Total monthly income totals $1,847/mo, and annual cash flow totals $3,295/yr on $86,853 capital. ROI tracks 23.7% on current figures, and rental yield reads 8.46% at a $262,000 purchase. Equity gained on principal adds $1,691/yr, and 5% annual appreciation supports $72,386 over five years. Five-year ROI reaches 122.96% and total cumulative return in cash sums $106,797. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,847/mo property income instead of your personal income.
Single Family
Built in 1972
9,679 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: Elisabeth Brannon • Listing Leaders
Mls Name: NIRA
Mls ID: #829091