749 N Wheeler StGriffithIN46319
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 Griffith at 749 N Wheeler St, Griffith, IN, 46319 earns $671/mo cash flow from $2,629/mo rent with a $1,586/mo payment. Total monthly income totals $2,629/mo, and annual cash flow totals $8,055/yr on $107,406 capital. ROI tracks 27.41% on current figures, and rental yield reads 9.74% at a $324,000 purchase. Equity gained on principal adds $2,091/yr, and 5% annual appreciation supports $89,515 over five years. Five-year ROI reaches 142.9% and total cumulative return in cash sums $153,479. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,629/mo property income instead of your personal income.
Single Family
Built in 1968
7,927 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46319, Griffith, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,126 (100%) |
| Owner Occupied HU | 5,345 (65.8%) |
| Renter Occupied HU | 2,272 (28.0%) |
| Vacant Housing Units | 509 ( 6.3%) |
| Median Home Value | $229,192 |
| Average Home Value | $258,391 |
Housing Distribution
Address Breakdown
Residential
7,742
Single Family
7,161
Multi-Family
581
Businesses
601
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Angela Andrews • Listing Leaders
Mls Name: NIRA
Mls Provider:
Mls ID: #826431
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.