903 S Main StCrown PointIN46307
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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 Crown Point at 903 S Main St, Crown Point, IN, 46307 generates $2,075/mo in rent and, after a $1,525/mo payment, leaves $205/mo in cash flow. Total monthly income is $2,075/mo, and annual cash flow is $2,457/yr on $103,262 invested. Return on cash invested sits at 22.29% in year one, and rental yield is 7.99% on a $311,500 entry. Equity gained on principal adds $2,010/yr, while 5% annual appreciation builds toward $86,062 over five years. Five-year ROI reaches 115.37% and total cumulative return in cash sums $119,134. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,075/mo property income rather than buyer’s personal income.
Single Family
Built in 1952
8,651 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46307, Crown Point, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 28,493 (100%) |
| Owner Occupied HU | 23,758 (83.4%) |
| Renter Occupied HU | 3,580 (12.6%) |
| Vacant Housing Units | 1,155 ( 4.1%) |
| Median Home Value | $328,229 |
| Average Home Value | $358,457 |
Housing Distribution
Address Breakdown
Residential
27,816
Single Family
25,807
Multi-Family
2,009
Businesses
1,450
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Listed by: Steve Jamrok • Realty Executives Premier
Mls Name: NIRA
Mls ID: #833084