840 Appletree DrScherervilleIN46375
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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 Schererville at 840 Appletree Dr, Schererville, IN, 46375 priced at $335,000 pairs $2,612/mo rent with $601/mo cash flow after a $1,640/mo payment. Total monthly income equals $2,612/mo, and annual cash flow comes to $7,209/yr on $111,053 invested. Return on cash invested is 26.4% in year one, and rental yield stands at 9.36% on a $335,000 basis. Equity gained on principal adds $2,162/yr, and 5% annual appreciation accumulates to $92,554 by year five. Five-year ROI measures 137.4% and total cumulative return in cash reaches $152,588. For financing, Ziffy Mortgage’s DSCR program evaluates $2,612/mo property income against a $1,640/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1979
6,534 sqft lot
$N/A/sqft
No 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: Matthew Lionberg • Weichert Realtors - Shoreline
Mls Name: NIRA
Mls ID: #832306