6643 Van Buren AveHammondIN46324
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 6643 Van Buren Ave, Hammond, IN, 46324 at $225,000 posts ROI 31.78% with $738/mo cash flow from $2,296/mo rent. Total monthly income equals $2,296/mo, and annual cash flow records $8,857/yr on $74,588 to close. Return on cash invested measures 31.78% and rental yield reads 12.25% at the current $225,000. Equity gained on principal adds $1,452/yr, and 5% annual appreciation supports $62,163 by year five. Five-year ROI prints 167.56% and total cumulative return in cash totals $124,977.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $2,296/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Multi Family
Built in 1921
7,492 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46324, Hammond, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,130 (100%) |
| Owner Occupied HU | 5,648 (61.9%) |
| Renter Occupied HU | 2,876 (31.5%) |
| Vacant Housing Units | 606 ( 6.6%) |
| Median Home Value | $185,586 |
| Average Home Value | $211,212 |
Housing Distribution
Address Breakdown
Residential
8,651
Single Family
8,119
Multi-Family
532
Businesses
437
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Listed by: Adrien Chabot • Listing Leaders Prestige LLC
Mls Name: NIRA
Mls Provider:
Mls ID: #824315
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.