8831 Harrison Ave UNIT 304MunsterIN46321
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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 8831 Harrison Ave UNIT 304, Munster, IN, 46321 uses $67,958 cash to close to unlock $621/yr annual cash flow and $52/mo monthly cash flow. Total monthly income runs $1,449/mo, and a $1,003/mo payment keeps the spread at $52/mo. Purchase price stands at $205,000, and rental yield measures 8.48% with $1,449/mo rent. Return on cash invested shows 20.82% in year one, and 5% annual appreciation builds toward $56,638 over five years. Five-year ROI reaches 108.59% and total cumulative return in cash records $73,794. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,449/mo property income covering a $1,003/mo payment rather than investor’s personal income.
Condo
Built in 1984
N/A lot
$N/A/sqft
$167 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: Kathleen Rogan • RE/MAX Realty Associates
Mls Name: NIRA
Mls Provider:
Mls ID: #823150
Disclaimer: Copyright 2025 MuItiple Listing Service of the Northwest Indiana REALTORS Association, Inc. All rights reserved. IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.