7207 Parrish 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
Rental property for sale in Hammond at 7207 Parrish Ave, Hammond, IN, 46323 generates $2,329/mo in rent and, after a $1,566/mo payment, leaves $408/mo in cash flow. Total monthly income is $2,329/mo, and annual cash flow is $4,900/yr on $106,080 invested. Return on cash invested sits at 24.53% in year one, and rental yield is 8.73% on a $320,000 entry. Equity gained on principal adds $2,065/yr, while 5% annual appreciation builds toward $88,410 over five years. Five-year ROI reaches 127.4% and total cumulative return in cash sums $135,147. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,329/mo property income rather than buyer’s personal income.
Single Family
Built in 1992
0.46 Acres 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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