8412 Taft StMerrillvilleIN46410
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeTight but positive: 8412 Taft St, Merrillville, IN, 46410 in Merrillville at $229,000 earns $1,532/mo in rent and nets $157/mo after the $1,086/mo payment, a 8.03% yield with limited short-term income headroom. The equity story offsets the thin monthly spread: 5% annual appreciation adds $63,268 over five years. Ziffy Mortgage underwrites this on a 1.41 DSCR without U.S. credit history. With $1,920/yr in principal paydown, total projected return reaches $92,494.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 8% | 7.0% |
| Monthly Cash Flow | $157 | $400 |
City averages based on Merrillville market data in our database. Property projections are estimates.
DSCR Rental Loan Qualification
Qualifies using the property's rental income, not your personal income.
- ✓No W-2, pay stubs, or tax returns needed
- ✓Rental income qualifies you
- ✓Built for real estate investors
| Monthly Rental Income | $1,532 |
| Total Monthly Debt Service | $1,339 |
| DSCR Ratio | 1.14x |
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 6.5% rate / 30-yr fixed, 25% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 1940
0.31 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46410, Merrillville, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 17,618 (100%) |
| Owner Occupied HU | 10,197 (57.9%) |
| Renter Occupied HU | 6,280 (35.6%) |
| Vacant Housing Units | 1,141 ( 6.5%) |
| Median Home Value | $223,839 |
| Average Home Value | $250,345 |
Housing Distribution
Address Breakdown
Residential
17,068
Single Family
13,383
Multi-Family
3,685
Businesses
1,991
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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: N/A • N/A
Mls Name: NIRA as distributed by MLS GRID
Mls Provider:
Mls ID: #845916
