7133 Montana AveHammondIN46323
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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 Hammond at 7133 Montana Ave, Hammond, IN, 46323 uses $46,410 cash to close to unlock $3,370/yr annual cash flow and $281/mo monthly cash flow. Total monthly income runs $1,121/mo, and a $685/mo payment keeps the spread at $281/mo. Purchase price stands at $140,000, and rental yield measures 9.61% with $1,121/mo rent. Return on cash invested shows 27.17% in year one, and 5% annual appreciation builds toward $38,679 over five years. Five-year ROI reaches 141.53% and total cumulative return in cash records $65,686. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,121/mo property income covering a $685/mo payment rather than investor’s personal income.
Single Family
Built in 1941
7,405 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46323, Hammond, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,941 (100%) |
| Owner Occupied HU | 5,458 (61.0%) |
| Renter Occupied HU | 3,048 (34.1%) |
| Vacant Housing Units | 435 ( 4.9%) |
| Median Home Value | $165,722 |
| Average Home Value | $208,911 |
Housing Distribution
Address Breakdown
Residential
8,489
Single Family
7,307
Multi-Family
1,182
Businesses
420
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Listed by: Amy Mathewson • eXp Realty, LLC
Mls Name: NIRA
Mls Provider:
Mls ID: #821655
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