6806 Maryland 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 6806 Maryland Ave, Hammond, IN, 46323 offers a 8.27% rental yield on a $294,900 purchase with $2,033/mo rent. Total monthly income registers $2,033/mo, and a $1,443/mo payment leaves $263/mo available for distribution. Annual cash flow reaches $3,158/yr on $97,759 to close, and return on cash invested stands at 23.14% in year one. Equity gained on principal adds $1,903/yr while 5% annual appreciation supports $81,475 over five years. Portfolio math shows five-year ROI at 119.96% and total cumulative return in cash at $117,271. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,033/mo property income against a $1,443/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1962
6,499 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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