9380 McKinley 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
Investment property for sale in Crown Point at 9380 McKinley St, Crown Point, IN, 46307 uses $95,804 cash to close to unlock $3,476/yr annual cash flow and $290/mo monthly cash flow. Total monthly income runs $2,025/mo, and a $1,415/mo payment keeps the spread at $290/mo. Purchase price stands at $289,000, and rental yield measures 8.41% with $2,025/mo rent. Return on cash invested shows 23.54% in year one, and 5% annual appreciation builds toward $79,845 over five years. Five-year ROI reaches 122.06% and total cumulative return in cash records $116,942. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,025/mo property income covering a $1,415/mo payment rather than investor’s personal income.
Single Family
Built in 1969
10,402 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: John Lopez • McColly Real Estate
Mls Name: NIRA
Mls Provider:
Mls ID: #807479
Disclaimer: Copyright 2024 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.