665 Forest Glen DrValparaisoIN46385
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
Rental property for sale in Valparaiso at 665 Forest Glen Dr, Valparaiso, IN, 46385 priced at $164,900 converts $1,282/mo rent into $292/mo cash flow after a $807/mo obligation. Total monthly income equals $1,282/mo, and annual cash flow totals $3,507/yr on $54,664 invested. Return on cash invested prints 26.32% in year one, and rental yield reads 9.33% against a $164,900 entry. Equity gained on principal adds $1,064/yr, while 5% annual appreciation compiles into $45,559 by year five. Five-year ROI reaches 137.05% and total cumulative return in cash sums $74,920. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,282/mo property income covering a $807/mo payment, not borrower’s personal income.
Condo
Built in 1995
N/A 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Rushelle Miller • Century 21 Circle
Mls Name: NIRA
Mls ID: #832751