7009 Colorado StMerrillvilleIN46410
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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
Rental property for sale in Merrillville at 7009 Colorado St, Merrillville, IN, 46410 generates $1,806/mo in rent and, after a $1,322/mo payment, leaves $185/mo in cash flow. Total monthly income is $1,806/mo, and annual cash flow is $2,217/yr on $89,505 invested. Return on cash invested sits at 22.39% in year one, and rental yield is 8.03% on a $270,000 entry. Equity gained on principal adds $1,742/yr, while 5% annual appreciation builds toward $74,596 over five years. Five-year ROI reaches 115.88% and total cumulative return in cash sums $103,717. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,806/mo property income rather than buyer’s personal income.
Single Family
Built in 1938
3.74 Acres lot
$N/A/sqft
No 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: Terry McCaleb • Brokerworks Group
Mls Name: NIRA
Mls Provider:
Mls ID: #822406
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