8339 Northcote AveMunsterIN46321
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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 8339 Northcote Ave, Munster, IN, 46321 priced at $449,730 pairs $3,442/mo rent with $743/mo cash flow after a $2,201/mo payment. Total monthly income equals $3,442/mo, and annual cash flow comes to $8,911/yr on $149,085 invested. Return on cash invested is 25.89% in year one, and rental yield stands at 9.18% on a $449,730 basis. Equity gained on principal adds $2,902/yr, and 5% annual appreciation accumulates to $124,252 by year five. Five-year ROI measures 134.65% and total cumulative return in cash reaches $200,741. For financing, Ziffy Mortgage’s DSCR program evaluates $3,442/mo property income against a $2,201/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1930
9,801 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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