1022 S Marquette StLa PorteIN46350
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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 La Porte at 1022 S Marquette St, La Porte, IN, 46350 uses $86,190 cash to close to unlock $5,914/yr annual cash flow and $493/mo monthly cash flow. Total monthly income runs $2,054/mo, and a $1,273/mo payment keeps the spread at $493/mo. Purchase price stands at $260,000, and rental yield measures 9.48% with $2,054/mo rent. Return on cash invested shows 26.77% in year one, and 5% annual appreciation builds toward $71,833 over five years. Five-year ROI reaches 139.39% and total cumulative return in cash records $120,137. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,054/mo property income covering a $1,273/mo payment rather than investor’s personal income.
Single Family
Built in 1956
0.57 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46350, La Porte, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 19,583 (100%) |
| Owner Occupied HU | 13,201 (67.4%) |
| Renter Occupied HU | 4,824 (24.6%) |
| Vacant Housing Units | 1,558 ( 8.0%) |
| Median Home Value | $242,759 |
| Average Home Value | $281,363 |
Housing Distribution
Address Breakdown
Residential
18,446
Single Family
17,121
Multi-Family
1,325
Businesses
1,117
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Listed by: Brianna Parmley • Kaser Realty, LLC
Mls Name: IRMLS
Mls Provider:
Mls ID: #202529811
Disclaimer: 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.