Cheyenne II Plan, Prairie CreekMerrillvilleIN46410
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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 Merrillville at Cheyenne II Plan, Prairie Creek, Merrillville, IN, 46410 priced at $351,500 converts $2,918/mo rent into $798/mo cash flow after a $1,720/mo obligation. Total monthly income equals $2,918/mo, and annual cash flow totals $9,581/yr on $116,522 invested. Return on cash invested prints 28.13% in year one, and rental yield reads 9.96% against a $351,500 entry. Equity gained on principal adds $2,268/yr, while 5% annual appreciation compiles into $97,113 by year five. Five-year ROI reaches 146.74% and total cumulative return in cash sums $170,981. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,918/mo property income covering a $1,720/mo payment, not borrower’s personal income.
Single Family
Built in 2025
N/A lot
$N/A/sqft
$10 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46410, Merrillville, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 17,618 (100%) |
| Owner Occupied HU | 10,197 (57.9%) |
| Renter Occupied HU | 6,280 (35.6%) |
| Vacant Housing Units | 1,141 ( 6.5%) |
| Median Home Value | $223,839 |
| Average Home Value | $250,345 |
Housing Distribution
Address Breakdown
Residential
17,068
Single Family
13,383
Multi-Family
3,685
Businesses
1,991
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Listed by: N/A • Accent Homes, Inc.
Mls Name: Accent Homes, Inc.
Mls Provider:
Mls ID: #N/A