7112 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
Investment property for sale in Merrillville at 7112 Grant St, Merrillville, IN, 46410 uses $93,132 cash to close to unlock $2,791/yr annual cash flow and $233/mo monthly cash flow. Total monthly income runs $2,044/mo, and a $1,375/mo payment keeps the spread at $233/mo. Purchase price stands at $280,940, and rental yield measures 8.73% with $2,044/mo rent. Return on cash invested shows 22.91% in year one, and 5% annual appreciation builds toward $77,619 over five years. Five-year ROI reaches 119.28% and total cumulative return in cash records $111,088. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,044/mo property income covering a $1,375/mo payment rather than investor’s personal income.
Townhouse
Built in 2024
6,973 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: #818202
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