9651 Merrillville Rd APT 204Crown PointIN46307
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowWhen a property's DSCR clears 1.5x, lenders and investors both pay attention. 9651 Merrillville Rd APT 204, Crown Point, IN, 46307 in Crown Point achieves a 2.79 ratio at $167,000: $2,096/mo rent versus $751/mo debt service. Rental yield 15.06%. Ziffy Mortgage's no-W2 DSCR loan is purpose-built for assets like this. The 15.06% yield compounds alongside 5% annual appreciation projecting $46,139 in value. Total projected cumulative return: $7,546.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 15.1% | 9.1% |
| Monthly Cash Flow | $(1,006) | $285 |
City averages based on Crown Point market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $2,096 |
| Total Monthly Debt Service | $3,036 |
| DSCR Ratio | 0.69x |
Ziffy Mortgage typically prefers a DSCR of 1.0+, but in some cases you may qualify with a DSCR below 1. To explore if this deal qualifies for an investment mortgage, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Condo
Built in 1987
1.20 Acres lot
$N/A/sqft
$2,100 monthly 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Condo
Built in 1987
1.20 Acres lot
$N/A/sqft
$2,100 monthly 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices