10224 Pickett Way, Cedar Lake, IN, 46303 | $194/mo Cash Flow

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Monthly Cash Flow: 1 - 3k+

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10224 Pickett Way, Cedar Lake, IN, 46303 | $194/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 10224 Pickett Way, Cedar Lake, IN, 46303 earns $194/mo cash flow from $1,845/mo rent with a $1,346/mo payment. Total monthly income totals $1,845/mo, and annual cash flow totals $2,331/yr on $91,163 capital. ROI tracks 22.47% on current figures, and rental yield reads 8.05% at a $275,000 purchase. Equity gained on principal adds $1,775/yr, and 5% annual appreciation supports $75,977 over five years. Five-year ROI reaches 116.35% and total cumulative return in cash sums $106,067. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,845/mo property income instead of your personal income.

Single Family

Built in 2018

5,087 sqft lot

$N/A/sqft

No HOA

More details about the property

Welcome home to this immaculate 2 bedroom, 2 bath ranch paired villa in the sought after Centennial subdivision of Cedar Lake with over 1500 square feet. Step inside to a freshly painted open concept great room filled with loads of bright light. Kitchen features maple cabinets, tile backsplash, recessed lighting, LVT flooring and stainless steel appliances. Primary bedroom boasts enormous walk-in closet and ensuite bath with double bowl vanity and step-in shower. Relax and enjoy your morning coffee in the sun room or outside on your concrete patio. Experience true maintenance-free living with this low HOA that includes landscaping, snow removal, exterior maintenance as well as access to the heated pool, exercise room and walking trails.

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