7438 White Oak 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 7438 White Oak Ave, Hammond, IN, 46324 priced at $199,999 converts $1,654/mo rent into $453/mo cash flow after a $979/mo obligation. Total monthly income equals $1,654/mo, and annual cash flow totals $5,440/yr on $66,300 invested. Return on cash invested prints 28.11% in year one, and rental yield reads 9.92% against a $199,999 entry. Equity gained on principal adds $1,291/yr, while 5% annual appreciation compiles into $55,256 by year five. Five-year ROI reaches 146.65% and total cumulative return in cash sums $97,232. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,654/mo property income covering a $979/mo payment, not borrower’s personal income.
Single Family
Built in 1952
6,873 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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Listed by: Alicia Velazquez • American Home Realty, Inc.
Mls Name: NIRA
Mls Provider:
Mls ID: #820481
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.