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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Investment property for sale in Merrillville at 7611 Clay St, Merrillville, IN, 46410 listed at $379,900 pairs $2,675/mo rent with a $1,859/mo payment to leave $395/mo cash flow. Total monthly income runs $2,675/mo, and annual cash flow reaches $4,739/yr on $125,937 cash to close. Return on cash invested measures 23.67% in year one, and rental yield registers 8.45% at a $379,900 basis. Equity gained on principal adds $2,451/yr, and annual property appreciation at 5% supports $104,959 by year five. Five-year ROI tracks 122.78% and total cumulative return in cash totals $154,625. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,675/mo property income relative to a $1,859/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1957
5 Acres lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 46410, Merrillville, IN area.
| 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 |
Residential
17,068
Single Family
13,383
Multi-Family
3,685
Businesses
1,991
Date | Event | Price |
|---|---|---|
| 2025-05-30 | Listed for sale | $379,900 |
| 2017-10-13 | Sold | $81,000 |
| 2017-09-07 | Price change | $99,900 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-06-01 | $2415.68 | 2.45% | $215,100 | 0.14% |
| 2023-06-01 | $2358.00 | 16.26% | $214,800 | 6.97% |
| 2022-06-01 | $2028.24 | 0.12% | $200,800 | 16.68% |
Listed by: George Keaton • @properties/Christie's Intl RE
Mls Name: NIRA
Mls Provider:
Mls ID: #821658
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.
