828 Boxwood DrMunsterIN46321
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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 828 Boxwood Dr, Munster, IN, 46321 priced at $371,000 converts $3,671/mo rent into $1,444/mo cash flow after a $1,816/mo obligation. Total monthly income equals $3,671/mo, and annual cash flow totals $17,326/yr on $122,987 invested. Return on cash invested prints 34% in year one, and rental yield reads 11.87% against a $371,000 entry. Equity gained on principal adds $2,394/yr, while 5% annual appreciation compiles into $102,500 by year five. Five-year ROI reaches 178.13% and total cumulative return in cash sums $219,079. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,671/mo property income covering a $1,816/mo payment, not borrower’s personal income.
Townhouse
Built in 2003
4,164 sqft 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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