7937 Forest AveMunsterIN46321
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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 Munster at 7937 Forest Ave, Munster, IN, 46321 generates $2,995/mo in rent and, after a $1,863/mo payment, leaves $710/mo in cash flow. Total monthly income is $2,995/mo, and annual cash flow is $8,521/yr on $126,202 invested. Return on cash invested sits at 26.66% in year one, and rental yield is 9.44% on a $380,700 entry. Equity gained on principal adds $2,457/yr, while 5% annual appreciation builds toward $105,180 over five years. Five-year ROI reaches 138.84% and total cumulative return in cash sums $175,216. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,995/mo property income rather than buyer’s personal income.
Single Family
Built in 1928
0.28 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46321, Munster, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,578 (100%) |
| Owner Occupied HU | 8,067 (84.2%) |
| Renter Occupied HU | 1,108 (11.6%) |
| Vacant Housing Units | 403 ( 4.2%) |
| Median Home Value | $333,282 |
| Average Home Value | $375,530 |
Housing Distribution
Address Breakdown
Residential
9,440
Single Family
8,005
Multi-Family
1,435
Businesses
799
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