7082 Grant 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 7082 Grant St, Merrillville, IN, 46410 priced at $285,565 pairs $2,044/mo rent with $204/mo cash flow after a $1,398/mo payment. Total monthly income equals $2,044/mo, and annual cash flow comes to $2,454/yr on $94,665 invested. Return on cash invested is 22.5% in year one, and rental yield stands at 8.59% on a $285,565 basis. Equity gained on principal adds $1,843/yr, and 5% annual appreciation accumulates to $78,896 by year five. Five-year ROI measures 117.11% and total cumulative return in cash reaches $110,860. For financing, Ziffy Mortgage’s DSCR program evaluates $2,044/mo property income against a $1,398/mo payment instead of your W2s, 1099s, or Tax returns.
Townhouse
Built in 2024
6,534 sqft lot
$N/A/sqft
$125 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: Frederick Long • Better Homes and Gardens Real
Mls Name: NIRA
Mls Provider:
Mls ID: #821967
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.