6863 Fillmore DrMerrillvilleIN46410
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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 Merrillville at 6863 Fillmore Dr, Merrillville, IN, 46410 at $102,500 posts ROI 19.92% with $0/mo cash flow from $787/mo rent. Total monthly income equals $787/mo, and annual cash flow records $4/yr on $33,979 to close. Return on cash invested measures 19.92% and rental yield reads 9.21% at the current $102,500. Equity gained on principal adds $661/yr, and 5% annual appreciation supports $28,319 by year five. Five-year ROI prints 104.99% and total cumulative return in cash totals $35,673.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $787/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Condo
Built in 1973
N/A lot
$N/A/sqft
$130 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46410, Merrillville, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 17,618 (100%) |
| Owner Occupied HU | 10,197 (57.9%) |
| Renter Occupied HU | 6,280 (35.6%) |
| Vacant Housing Units | 1,141 ( 6.5%) |
| Median Home Value | $223,839 |
| Average Home Value | $250,345 |
Housing Distribution
Address Breakdown
Residential
17,068
Single Family
13,383
Multi-Family
3,685
Businesses
1,991
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Listed by: Scott LaMantia • McColly Real Estate
Mls Name: NIRA
Mls Provider:
Mls ID: #806080
Disclaimer: Copyright 2024 MuItiple Listing Service of the Northwest Indiana REALTORS Association, Inc. All rights reserved. IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.