7108 Dove DrScherervilleIN46375
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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 Schererville at 7108 Dove Dr, Schererville, IN, 46375 generates $4,675/mo in rent and, after a $2,374/mo payment, leaves $1,763/mo in cash flow. Total monthly income is $4,675/mo, and annual cash flow is $21,162/yr on $160,778 invested. Return on cash invested sits at 33.07% in year one, and rental yield is 11.57% on a $485,000 entry. Equity gained on principal adds $3,130/yr, while 5% annual appreciation builds toward $133,997 over five years. Five-year ROI reaches 173.19% and total cumulative return in cash sums $278,450. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $4,675/mo property income rather than buyer’s personal income.
Single Family
Built in 1996
0.28 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46375, Schererville, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,551 (100%) |
| Owner Occupied HU | 8,260 (78.3%) |
| Renter Occupied HU | 1,893 (17.9%) |
| Vacant Housing Units | 398 ( 3.8%) |
| Median Home Value | $327,752 |
| Average Home Value | $358,935 |
Housing Distribution
Address Breakdown
Residential
10,438
Single Family
9,295
Multi-Family
1,143
Businesses
1,045
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Listed by: Nicole Smit • McColly Real Estate
Mls Name: NIRA
Mls ID: #827170