6734 Baring AveHammondIN46324
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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 6734 Baring Ave, Hammond, IN, 46324 with 5% annual appreciation on a $184,000 basis while $1,438/mo rent supports operations. Total monthly income totals $1,438/mo and a $901/mo payment preserves $333/mo for cash returns. Annual cash flow comes to $3,997/yr on $60,996 deployed, and return on cash invested reaches 26.46% in year one. Equity gained on principal adds $1,187/yr, and five-year appreciation sums $50,836 alongside rental yield of 9.38%. Five-year ROI measures 137.79% and total cumulative return in cash totals $84,049.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,438/mo property income versus a $901/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1950
5,662 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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