902 Cornwallis LnMunsterIN46321
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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 902 Cornwallis Ln, Munster, IN, 46321 uses $125,639 cash to close to unlock $1,452/yr annual cash flow and $121/mo monthly cash flow. Total monthly income runs $2,614/mo, and a $1,855/mo payment keeps the spread at $121/mo. Purchase price stands at $379,000, and rental yield measures 8.28% with $2,614/mo rent. Return on cash invested shows 21.06% in year one, and 5% annual appreciation builds toward $104,711 over five years. Five-year ROI reaches 109.53% and total cumulative return in cash records $137,615. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,614/mo property income covering a $1,855/mo payment rather than investor’s personal income.
Townhouse
Built in 1995
0.25 Acres lot
$N/A/sqft
$175 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: Lilia Balan • Realest.com
Mls Name: NIRA
Mls Provider:
Mls ID: #828026
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