827 Manistee AveScherervilleIN46375
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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 Schererville at 827 Manistee Ave, Schererville, IN, 46375 with 5% annual appreciation on a $314,000 basis while $2,680/mo rent supports operations. Total monthly income totals $2,680/mo and a $1,537/mo payment preserves $640/mo for cash returns. Annual cash flow comes to $7,680/yr on $104,091 deployed, and return on cash invested reaches 27.29% in year one. Equity gained on principal adds $2,026/yr, and five-year appreciation sums $86,752 alongside rental yield of 10.24%. Five-year ROI measures 142.79% and total cumulative return in cash totals $148,635.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $2,680/mo property income versus a $1,537/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 2003
N/A lot
$N/A/sqft
$155 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46375, Schererville, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,551 (100%) |
| Owner Occupied HU | 8,260 (78.3%) |
| Renter Occupied HU | 1,893 (17.9%) |
| Vacant Housing Units | 398 ( 3.8%) |
| Median Home Value | $327,752 |
| Average Home Value | $358,935 |
Housing Distribution
Address Breakdown
Residential
10,438
Single Family
9,295
Multi-Family
1,143
Businesses
1,045
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Listed by: Sarah Portone • Better Homes and Gardens Real
Mls Name: NIRA
Mls Provider:
Mls ID: #817517
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