8222 Lincoln Cir APT AMerrillvilleIN46410
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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 Merrillville at 8222 Lincoln Cir APT A, Merrillville, IN, 46410 with 5% annual appreciation on a $174,900 basis while $1,322/mo rent supports operations. Total monthly income totals $1,322/mo and a $856/mo payment preserves $87/mo for cash returns. Annual cash flow comes to $1,046/yr on $57,979 deployed, and return on cash invested reaches 21.71% in year one. Equity gained on principal adds $1,129/yr, and five-year appreciation sums $48,322 alongside rental yield of 9.07%. Five-year ROI measures 113.73% and total cumulative return in cash totals $65,940.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,322/mo property income versus a $856/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Condo
Built in 2005
N/A lot
$N/A/sqft
$185 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46410, Merrillville, IN area.
Housing Distribution
Housing Statistics
| 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 |
Housing Distribution
Address Breakdown
Residential
17,068
Single Family
13,383
Multi-Family
3,685
Businesses
1,991
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Listed by: Jennifer Podgorny • Hoosier Region Realty LLC
Mls Name: NIRA
Mls Provider:
Mls ID: #818732
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