7625 Montana AveHammondIN46323
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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 7625 Montana Ave, Hammond, IN, 46323 priced at $230,000 converts $2,232/mo rent into $834/mo cash flow after a $1,126/mo obligation. Total monthly income equals $2,232/mo, and annual cash flow totals $10,006/yr on $76,245 invested. Return on cash invested prints 33.03% in year one, and rental yield reads 11.65% against a $230,000 entry. Equity gained on principal adds $1,484/yr, while 5% annual appreciation compiles into $63,545 by year five. Five-year ROI reaches 173.07% and total cumulative return in cash sums $131,959. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,232/mo property income covering a $1,126/mo payment, not borrower’s personal income.
Single Family
Built in 1958
6,324 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46323, Hammond, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,941 (100%) |
| Owner Occupied HU | 5,458 (61.0%) |
| Renter Occupied HU | 3,048 (34.1%) |
| Vacant Housing Units | 435 ( 4.9%) |
| Median Home Value | $165,722 |
| Average Home Value | $208,911 |
Housing Distribution
Address Breakdown
Residential
8,489
Single Family
7,307
Multi-Family
1,182
Businesses
420
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Listed by: Alejandrina Perez de Davila • Homes on Demand Realty
Mls Name: NIRA
Mls Provider:
Mls ID: #820070
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