7020 Harrison StMerrillvilleIN46410
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
Investment Highlights
Investment property for sale in Merrillville at 7020 Harrison St, Merrillville, IN, 46410 offers a 11.42% rental yield on a $211,900 purchase with $2,016/mo rent. Total monthly income registers $2,016/mo, and a $1,037/mo payment leaves $744/mo available for distribution. Annual cash flow reaches $8,930/yr on $70,245 to close, and return on cash invested stands at 32.62% in year one. Equity gained on principal adds $1,367/yr while 5% annual appreciation supports $58,544 over five years. Portfolio math shows five-year ROI at 170.83% and total cumulative return in cash at $120,000. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,016/mo property income against a $1,037/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1965
7,405 sqft 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Dean Hochbaum • Silver Hammer, LLC
Mls Name: NIRA
Mls ID: #827690