7950 S White Oak LnHammondIN46324
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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
Investment property for sale in Hammond at 7950 S White Oak Ln, Hammond, IN, 46324 uses $37,758 cash to close to unlock $2,097/yr annual cash flow and $175/mo monthly cash flow. Total monthly income runs $858/mo, and a $557/mo payment keeps the spread at $175/mo. Purchase price stands at $113,900, and rental yield measures 9.04% with $858/mo rent. Return on cash invested shows 25.46% in year one, and 5% annual appreciation builds toward $31,468 over five years. Five-year ROI reaches 132.4% and total cumulative return in cash records $49,992. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $858/mo property income covering a $557/mo payment rather than investor’s personal income.
Single Family
Built in 1952
7,405 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46324, Hammond, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,130 (100%) |
| Owner Occupied HU | 5,648 (61.9%) |
| Renter Occupied HU | 2,876 (31.5%) |
| Vacant Housing Units | 606 ( 6.6%) |
| Median Home Value | $185,586 |
| Average Home Value | $211,212 |
Housing Distribution
Address Breakdown
Residential
8,651
Single Family
8,119
Multi-Family
532
Businesses
437
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