10002 W 128th Ave, Cedar Lake, IN, 46303 | $396/mo Cash Flow

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10002 W 128th Ave, Cedar Lake, IN, 46303 | $396/mo Cash Flow | Ziffy

For Sale

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Investment property for sale in Cedar Lake at 10002 W 128th Ave, Cedar Lake, IN, 46303 earns $396/mo cash flow from $3,397/mo rent with a $2,447/mo payment. Total monthly income totals $3,397/mo, and annual cash flow totals $4,750/yr on $165,750 capital. ROI tracks 22.77% on current figures, and rental yield reads 8.15% at a $499,999 purchase. Equity gained on principal adds $3,226/yr, and 5% annual appreciation supports $138,141 over five years. Five-year ROI reaches 117.96% and total cumulative return in cash sums $195,511. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $3,397/mo property income instead of your personal income.

Single Family

Built in 2017

10,454 sqft lot

$N/A/sqft

No HOA

More details about the property

Welcome to 10002 W 128th Avenue, a beautiful home located in the desirable Monastery Woods subdivision of Cedar Lake. This 4-bedroom, 2.5-bath residence features a main floor office, luxury vinyl flooring, and walk-in closets in every room.The kitchen offers ceiling-height custom cabinetry, granite countertops, and bar seating that opens to the main living areas--creating a functional and inviting space for everyday living and entertaining. The oversized primary suite includes dual closets and an en-suite bathroom for added comfort and privacy.Situated on an ample corner lot, the exterior features a partially in-ground 21-ft pool, plush landscaping, and a welcoming front porch. The attached 3-car insulated garage and extended driveway provide generous parking and storage.Additional highlights include: Whole-house generator Brand-new appliances, including washer and dryer Rough-in basement for future expansion Hanover School District Access to community park and clubhouseThis home combines thoughtful upgrades with quality construction, offering both style and substance in one of Cedar Lake's most sought-after neighborhoods!

Neighborhood Data

Neighborhood data shown for ZIP Code: 46303, Cedar Lake, IN area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	8,052 (100%)
Owner Occupied HU	6,511 (80.9%)
Renter Occupied HU	981 (12.2%)
Vacant Housing Units	560 ( 7.0%)
Median Home Value	$336,539
Average Home Value	$354,927