842 Manistee AveScherervilleIN46375
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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 842 Manistee Ave, Schererville, IN, 46375 offers $2,770/mo rent that, after a $1,823/mo payment, leaves $351/mo cash flow. Total monthly income is $2,770/mo, and annual cash flow is $4,213/yr on $123,484 cash. Return on cash invested measures 23.32% in year one, and rental yield stands at 8.92% at a $372,500 entry. Equity gained on principal adds $2,404/yr while 5% annual appreciation compounds into $102,915 by year five. Five-year ROI records 121.57% and total cumulative return in cash reaches $150,118. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,770/mo property income versus a $1,823/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 2003
7,971 sqft lot
$N/A/sqft
$175 monthly 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: Catherine Higgins • McColly Real Estate
Mls Name: NIRA
Mls Provider:
Mls ID: #830349
Disclaimer: Based on information submitted to the MLS GRID as of 2025-12-22 05:37:42 PST. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website. [Click here for more information](/mls-disclaimers/#185)