7405 Park PlHammondIN46324
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
Rental property for sale in Hammond at 7405 Park Pl, Hammond, IN, 46324 priced at $279,900 converts $2,227/mo rent into $537/mo cash flow after a $1,370/mo obligation. Total monthly income equals $2,227/mo, and annual cash flow totals $6,441/yr on $92,787 invested. Return on cash invested prints 26.85% in year one, and rental yield reads 9.55% against a $279,900 entry. Equity gained on principal adds $1,806/yr, while 5% annual appreciation compiles into $77,331 by year five. Five-year ROI reaches 139.88% and total cumulative return in cash sums $129,793. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,227/mo property income covering a $1,370/mo payment, not borrower’s personal income.
Single Family
Built in 1955
5,623 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
Listed by: Kristin Taylor • McColly Real Estate
Mls Name: NIRA
Mls Provider:
Mls ID: #819415
Disclaimer: Copyright 2025 MuItiple Listing Service of the Northwest Indiana REALTORS Association, Inc. All rights reserved. IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.