8602 Harrison StMerrillvilleIN46410
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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 Merrillville at 8602 Harrison St, Merrillville, IN, 46410 generates $2,460/mo in rent and, after a $1,265/mo payment, leaves $808/mo in cash flow. Total monthly income is $2,460/mo, and annual cash flow is $9,702/yr on $85,693 invested. Return on cash invested sits at 31.23% in year one, and rental yield is 11.42% on a $258,500 entry. Equity gained on principal adds $1,668/yr, while 5% annual appreciation builds toward $71,419 over five years. Five-year ROI reaches 163.83% and total cumulative return in cash sums $140,391. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,460/mo property income rather than buyer’s personal income.
Single Family
Built in 2007
8,698 sqft lot
$N/A/sqft
$100 monthly 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
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