7405 McCook AveHammondIN46323
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
Investment Highlights
Investment property for sale in Hammond at 7405 McCook Ave, Hammond, IN, 46323 uses $105,251 cash to close to unlock $3,745/yr annual cash flow and $312/mo monthly cash flow. Total monthly income runs $2,218/mo, and a $1,554/mo payment keeps the spread at $312/mo. Purchase price stands at $317,500, and rental yield measures 8.38% with $2,218/mo rent. Return on cash invested shows 23.47% in year one, and 5% annual appreciation builds toward $87,719 over five years. Five-year ROI reaches 121.72% and total cumulative return in cash records $128,110. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,218/mo property income covering a $1,554/mo payment rather than investor’s personal income.
Single Family
Built in 1962
6,799 sqft 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices