838 Truman StHammondIN46320
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowThe yield at 838 Truman St, Hammond, IN, 46320 in Hammond speaks for itself: 12.17% gross on a $273,500 price, generating $2,773/mo in rent and $1,059/mo in net income after the $1,230/mo debt service. DSCR 2.25, a wide margin that supports Ziffy Mortgage's DSCR loan without any personal income check. Annual cash flow of $12,713 stacks alongside $75,563 in projected five-year appreciation and $2,519/yr in principal reduction. Projected total cumulative return: $171,950.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 12.2% | 8.2% |
| Monthly Cash Flow | $1,059 | $300 |
City averages based on Hammond market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $2,773 |
| Total Monthly Debt Service | $1,605 |
| DSCR Ratio | 1.73x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 1896
3,419 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46320, Hammond, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,335 (100%) |
| Owner Occupied HU | 2,205 (34.8%) |
| Renter Occupied HU | 3,520 (55.6%) |
| Vacant Housing Units | 610 ( 9.6%) |
| Median Home Value | $140,653 |
| Average Home Value | $155,228 |
Housing Distribution
Address Breakdown
Residential
5,335
Single Family
3,817
Multi-Family
1,518
Businesses
525
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Single Family
Built in 1896
3,419 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46320, Hammond, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,335 (100%) |
| Owner Occupied HU | 2,205 (34.8%) |
| Renter Occupied HU | 3,520 (55.6%) |
| Vacant Housing Units | 610 ( 9.6%) |
| Median Home Value | $140,653 |
| Average Home Value | $155,228 |
Housing Distribution
Address Breakdown
Residential
5,335
Single Family
3,817
Multi-Family
1,518
Businesses
525
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices