7220 Hohman AveHammondIN46324
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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 7220 Hohman Ave, Hammond, IN, 46324 generates $2,497/mo in rent and, after a $1,908/mo payment, leaves $157/mo in cash flow. Total monthly income is $2,497/mo, and annual cash flow is $1,882/yr on $129,252 invested. Return on cash invested sits at 21.37% in year one, and rental yield is 7.69% on a $389,900 entry. Equity gained on principal adds $2,516/yr, while 5% annual appreciation builds toward $107,722 over five years. Five-year ROI reaches 110.39% and total cumulative return in cash sums $142,681. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,497/mo property income rather than buyer’s personal income.
Single Family
Built in 1937
8,542 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46324, Hammond, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,130 (100%) |
| Owner Occupied HU | 5,648 (61.9%) |
| Renter Occupied HU | 2,876 (31.5%) |
| Vacant Housing Units | 606 ( 6.6%) |
| Median Home Value | $185,586 |
| Average Home Value | $211,212 |
Housing Distribution
Address Breakdown
Residential
8,651
Single Family
8,119
Multi-Family
532
Businesses
437
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