7104 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 7104 Grant St, Merrillville, IN, 46410 offers $2,044/mo rent that, after a $1,316/mo payment, leaves $305/mo cash flow. Total monthly income is $2,044/mo, and annual cash flow is $3,659/yr on $89,152 cash. Return on cash invested measures 24.01% in year one, and rental yield stands at 9.12% at a $268,935 entry. Equity gained on principal adds $1,735/yr while 5% annual appreciation compounds into $74,302 by year five. Five-year ROI records 125.22% and total cumulative return in cash reaches $111,639. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,044/mo property income versus a $1,316/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Multi Family
Built in 2025
6,960 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: Amy Blanton • Better Homes and Gardens Real
Mls Name: NIRA
Mls Provider:
Mls ID: #818015
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.