7 E Joliet StScherervilleIN46375
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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
Investment Highlights
Investment property for sale in Schererville at 7 E Joliet St, Schererville, IN, 46375 at $244,900 posts ROI 22.52% with $177/mo cash flow from $1,647/mo rent. Total monthly income equals $1,647/mo, and annual cash flow records $2,119/yr on $81,184 to close. Return on cash invested measures 22.52% and rental yield reads 8.07% at the current $244,900. Equity gained on principal adds $1,580/yr, and 5% annual appreciation supports $67,661 by year five. Five-year ROI prints 116.61% and total cumulative return in cash totals $94,673.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $1,647/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1922
7,501 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46375, Schererville, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,551 (100%) |
| Owner Occupied HU | 8,260 (78.3%) |
| Renter Occupied HU | 1,893 (17.9%) |
| Vacant Housing Units | 398 ( 3.8%) |
| Median Home Value | $327,752 |
| Average Home Value | $358,935 |
Housing Distribution
Address Breakdown
Residential
10,438
Single Family
9,295
Multi-Family
1,143
Businesses
1,045
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Listed by: Catherine Hicks • BHHS Executive Realty
Mls Name: NIRA
Mls Provider:
Mls ID: #822402
Disclaimer: Copyright 2025 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.