7143 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
Investment property for sale in Schererville at 7143 Dove Dr, Schererville, IN, 46375 offers a 8.7% rental yield on a $535,000 purchase with $3,877/mo rent. Total monthly income registers $3,877/mo, and a $2,619/mo payment leaves $665/mo available for distribution. Annual cash flow reaches $7,980/yr on $176,015 to close, and return on cash invested stands at 24.59% in year one. Equity gained on principal adds $3,452/yr while 5% annual appreciation supports $147,811 over five years. Portfolio math shows five-year ROI at 127.71% and total cumulative return in cash at $224,788. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $3,877/mo property income against a $2,619/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1994
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: Robin Porter • Porter's Real Estate Solutions
Mls Name: NIRA
Mls Provider:
Mls ID: #821708
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.