862 Boxwood DrMunsterIN46321
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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
Investment property for sale in Munster at 862 Boxwood Dr, Munster, IN, 46321 uses $137,573 cash to close to unlock $12,350/yr annual cash flow and $1,029/mo monthly cash flow. Total monthly income runs $3,884/mo, and a $2,031/mo payment keeps the spread at $1,029/mo. Purchase price stands at $415,000, and rental yield measures 11.23% with $3,884/mo rent. Return on cash invested shows 28.89% in year one, and 5% annual appreciation builds toward $114,657 over five years. Five-year ROI reaches 151.91% and total cumulative return in cash records $208,989. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,884/mo property income covering a $2,031/mo payment rather than investor’s personal income.
Townhouse
Built in 2003
5,431 sqft lot
$N/A/sqft
$275 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46321, Munster, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,578 (100%) |
| Owner Occupied HU | 8,067 (84.2%) |
| Renter Occupied HU | 1,108 (11.6%) |
| Vacant Housing Units | 403 ( 4.2%) |
| Median Home Value | $333,282 |
| Average Home Value | $375,530 |
Housing Distribution
Address Breakdown
Residential
9,440
Single Family
8,005
Multi-Family
1,435
Businesses
799
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Listed by: Panorea Karabatsos • Compass Indiana, LLC
Mls Name: NIRA
Mls Provider:
Mls ID: #822700
Disclaimer: Based on information submitted to the MLS GRID as of 2025-10-30 03:22:57 PDT. 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)