738 Locust StHammondIN46324
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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 Hammond at 738 Locust St, Hammond, IN, 46324 uses $73,029 cash to close to unlock $6,574/yr annual cash flow and $548/mo monthly cash flow. Total monthly income runs $1,870/mo, and a $1,078/mo payment keeps the spread at $548/mo. Purchase price stands at $220,300, and rental yield measures 10.19% with $1,870/mo rent. Return on cash invested shows 28.91% in year one, and 5% annual appreciation builds toward $60,865 over five years. Five-year ROI reaches 150.86% and total cumulative return in cash records $110,169. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,870/mo property income covering a $1,078/mo payment rather than investor’s personal income.
Single Family
Built in 1927
4,756 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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