939 Cherry StHammondIN46324
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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 Hammond at 939 Cherry St, Hammond, IN, 46324 generates $1,366/mo in rent and, after a $832/mo payment, leaves $156/mo in cash flow. Total monthly income is $1,366/mo, and annual cash flow is $1,876/yr on $56,355 invested. Return on cash invested sits at 23.24% in year one, and rental yield is 9.64% on a $170,000 entry. Equity gained on principal adds $1,097/yr, while 5% annual appreciation builds toward $46,968 over five years. Five-year ROI reaches 121.99% and total cumulative return in cash sums $68,745. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,366/mo property income rather than buyer’s personal income.
Single Family
Built in 1925
5,902 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46324, Hammond, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,130 (100%) |
| Owner Occupied HU | 5,648 (61.9%) |
| Renter Occupied HU | 2,876 (31.5%) |
| Vacant Housing Units | 606 ( 6.6%) |
| Median Home Value | $185,586 |
| Average Home Value | $211,212 |
Housing Distribution
Address Breakdown
Residential
8,651
Single Family
8,119
Multi-Family
532
Businesses
437
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Listed by: Sara Villicana • Listing Leaders
Mls Name: NIRA
Mls Provider:
Mls ID: #823059
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.