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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 7723 Chase St, Merrillville, IN, 46410 offers a 8.41% rental yield on a $220,000 purchase with $1,542/mo rent. Total monthly income registers $1,542/mo, and a $1,077/mo payment leaves $221/mo available for distribution. Annual cash flow reaches $2,654/yr on $72,930 to close, and return on cash invested stands at 23.55% in year one. Equity gained on principal adds $1,420/yr while 5% annual appreciation supports $60,782 over five years. Portfolio math shows five-year ROI at 122.17% and total cumulative return in cash at $89,099. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,542/mo property income against a $1,077/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1969
0.25 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 |
|---|---|---|
| No price history data available | ||
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| No tax history data available | ||||
Listed by: Jaymee Gibson • Brokerworks Group
Mls Name: NIRA
Mls ID: #826743
