6637 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 6637 McCook Ave, Hammond, IN, 46323 earns $668/mo cash flow from $1,970/mo rent with a $1,062/mo payment. Total monthly income totals $1,970/mo, and annual cash flow totals $8,011/yr on $71,902 capital. ROI tracks 31.05% on current figures, and rental yield reads 10.9% at a $216,900 purchase. Equity gained on principal adds $1,400/yr, and 5% annual appreciation supports $59,925 over five years. Five-year ROI reaches 162.37% and total cumulative return in cash sums $116,746. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,970/mo property income instead of your personal income.
Single Family
Built in 1952
6,098 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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