Magnolia Plan, Savannah CoveMerrillvilleIN46410
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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 Merrillville at Magnolia Plan, Savannah Cove, Merrillville, IN, 46410 with 5% annual appreciation on a $235,995 basis while $1,611/mo rent supports operations. Total monthly income totals $1,611/mo and a $1,155/mo payment preserves $69/mo for cash returns. Annual cash flow comes to $833/yr on $78,232 deployed, and return on cash invested reaches 20.97% in year one. Equity gained on principal adds $1,523/yr, and five-year appreciation sums $65,201 alongside rental yield of 8.19%. Five-year ROI measures 109.04% and total cumulative return in cash totals $85,301.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,611/mo property income versus a $1,155/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 2025
N/A lot
$N/A/sqft
$125 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 • Providence Homes
Mls Name: Providence Homes
Mls ID: #N/A