6633 S McCook 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 6633 S McCook Ave, Hammond, IN, 46323 listed at $172,625 pairs $1,303/mo rent with a $845/mo payment to leave $267/mo cash flow. Total monthly income runs $1,303/mo, and annual cash flow reaches $3,200/yr on $57,225 cash to close. Return on cash invested measures 25.5% in year one, and rental yield registers 9.06% at a $172,625 basis. Equity gained on principal adds $1,114/yr, and annual property appreciation at 5% supports $47,693 by year five. Five-year ROI tracks 132.62% and total cumulative return in cash totals $75,893. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,303/mo property income relative to a $845/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1953
6,298 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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Listed by: John Sandridge • Eagle Pro Realty
Mls Name: NIRA
Mls Provider:
Mls ID: #823016
Disclaimer: Copyright 2025 MuItiple Listing Service of the Northwest Indiana REALTORS Association, Inc. All rights reserved. IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.