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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Investment property for sale in Griffith at 716 N Ernest St, Griffith, IN, 46319 with 5% annual appreciation on a $299,000 basis while $2,400/mo rent supports operations. Total monthly income totals $2,400/mo and a $1,463/mo payment preserves $606/mo for cash returns. Annual cash flow comes to $7,267/yr on $99,119 deployed, and return on cash invested reaches 27.24% in year one. Equity gained on principal adds $1,929/yr, and five-year appreciation sums $82,608 alongside rental yield of 9.63%. Five-year ROI measures 141.92% and total cumulative return in cash totals $140,674.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $2,400/mo property income versus a $1,463/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1963
7,492 sqft lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 46319, Griffith, IN area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,126 (100%) |
| Owner Occupied HU | 5,345 (65.8%) |
| Renter Occupied HU | 2,272 (28.0%) |
| Vacant Housing Units | 509 ( 6.3%) |
| Median Home Value | $229,192 |
| Average Home Value | $258,391 |
Residential
7,742
Single Family
7,161
Multi-Family
581
Businesses
601
Date | Event | Price |
|---|---|---|
| 2025-04-01 | Listed for sale | $299,000 |
| 2021-06-25 | Sold | $235,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| No tax history data available | ||||
Listed by: Beth Buckley • Listing Leaders
Mls Name: NIRA
Mls Provider:
Mls ID: #818266
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.
