6736 Columbia 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 6736 Columbia Ave, Hammond, IN, 46324 offers a 9.32% rental yield on a $139,900 purchase with $1,087/mo rent. Total monthly income registers $1,087/mo, and a $685/mo payment leaves $247/mo available for distribution. Annual cash flow reaches $2,963/yr on $46,377 to close, and return on cash invested stands at 26.3% in year one. Equity gained on principal adds $903/yr while 5% annual appreciation supports $38,652 over five years. Portfolio math shows five-year ROI at 136.83% and total cumulative return in cash at $63,459. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,087/mo property income against a $685/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1922
4,377 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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