6824 Huron AveHammondIN46323
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeTight but positive: 6824 Huron Ave, Hammond, IN, 46323 in Hammond at $149,000 earns $1,178/mo in rent and nets $171/mo after the $670/mo payment, a 9.56% yield with limited short-term income headroom. The equity story offsets the thin monthly spread: 5% annual appreciation adds $41,166 over five years. Ziffy Mortgage underwrites this on a 1.76 DSCR without U.S. credit history. With $1,372/yr in principal paydown, total projected return reaches $67,372.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 9.6% | 8.2% |
| Monthly Cash Flow | $171 | $300 |
City averages based on Hammond market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,178 |
| Total Monthly Debt Service | $957 |
| DSCR Ratio | 1.23x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 1944
4,917 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
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
Single Family
Built in 1944
4,917 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Larita Thomas • @properties/Christie's Intl RE
Mls Name: NIRA
Mls Provider:
Mls ID: #819721
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