7562 Montana StMerrillvilleIN46410
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 Merrillville at 7562 Montana St, Merrillville, IN, 46410 generates $1,635/mo in rent and, after a $1,126/mo payment, leaves $254/mo in cash flow. Total monthly income is $1,635/mo, and annual cash flow is $3,049/yr on $76,245 invested. Return on cash invested sits at 23.91% in year one, and rental yield is 8.53% on a $230,000 entry. Equity gained on principal adds $1,484/yr, while 5% annual appreciation builds toward $63,545 over five years. Five-year ROI reaches 124.09% and total cumulative return in cash sums $94,615. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,635/mo property income rather than buyer’s personal income.
Single Family
Built in 1959
0.36 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46410, Merrillville, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 17,618 (100%) |
| Owner Occupied HU | 10,197 (57.9%) |
| Renter Occupied HU | 6,280 (35.6%) |
| Vacant Housing Units | 1,141 ( 6.5%) |
| Median Home Value | $223,839 |
| Average Home Value | $250,345 |
Housing Distribution
Address Breakdown
Residential
17,068
Single Family
13,383
Multi-Family
3,685
Businesses
1,991
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Isaiah Williams • Trueblood Real Estate, LLC
Mls Name: NIRA
Mls ID: #830204