709 James PlGriffithIN46319
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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 Griffith at 709 James Pl, Griffith, IN, 46319 uses $77,903 cash to close to unlock $10,890/yr annual cash flow and $908/mo monthly cash flow. Total monthly income runs $2,318/mo, and a $1,150/mo payment keeps the spread at $908/mo. Purchase price stands at $235,000, and rental yield measures 11.84% with $2,318/mo rent. Return on cash invested shows 33.89% in year one, and 5% annual appreciation builds toward $64,926 over five years. Five-year ROI reaches 177.58% and total cumulative return in cash records $138,340. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,318/mo property income covering a $1,150/mo payment rather than investor’s personal income.
Single Family
Built in 1966
6,534 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46319, Griffith, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,126 (100%) |
| Owner Occupied HU | 5,345 (65.8%) |
| Renter Occupied HU | 2,272 (28.0%) |
| Vacant Housing Units | 509 ( 6.3%) |
| Median Home Value | $229,192 |
| Average Home Value | $258,391 |
Housing Distribution
Address Breakdown
Residential
7,742
Single Family
7,161
Multi-Family
581
Businesses
601
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