7331 Jackson AveHammondIN46324
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeThe income profile at 7331 Jackson Ave, Hammond, IN, 46324 in Hammond is straightforward: $155,000 in, $1,232/mo in rent, $302/mo out after debt service. The 9.54% gross yield and 1.77 DSCR make this exactly the kind of asset Ziffy Mortgage finances for non-U.S. residents without income documentation. Appreciation at 5%/yr adds $42,824 by year five. With $1,428/yr in principal equity, the total cumulative return is projected at $78,102.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 9.5% | 8.2% |
| Monthly Cash Flow | $302 | $300 |
City averages based on Hammond market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,232 |
| Total Monthly Debt Service | $869 |
| DSCR Ratio | 1.42x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 1927
4,917 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Single Family
Built in 1927
4,917 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices