829 Spruce LnScherervilleIN46375
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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 829 Spruce Ln, Schererville, IN, 46375 uses $102,765 cash to close to unlock $6,392/yr annual cash flow and $533/mo monthly cash flow. Total monthly income runs $2,437/mo, and a $1,517/mo payment keeps the spread at $533/mo. Purchase price stands at $310,000, and rental yield measures 9.43% with $2,437/mo rent. Return on cash invested shows 26.13% in year one, and 5% annual appreciation builds toward $85,647 over five years. Five-year ROI reaches 136.15% and total cumulative return in cash records $139,915. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,437/mo property income covering a $1,517/mo payment rather than investor’s personal income.
Townhouse
Built in 1990
7,884 sqft lot
$N/A/sqft
$525 annually 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: Krystal Bialata • Blackrock Real Estate Services
Mls Name: NIRA
Mls Provider:
Mls ID: #823304
Disclaimer: Copyright 2025 MuItiple Listing Service of the Northwest Indiana REALTORS Association, Inc. All rights reserved. IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.