10320 W 138th PlCedar LakeIN46303
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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 Cedar Lake at 10320 W 138th Pl, Cedar Lake, IN, 46303 listed at $335,000 pairs $3,366/mo rent with a $1,640/mo payment to leave $1,222/mo cash flow. Total monthly income runs $3,366/mo, and annual cash flow reaches $14,661/yr on $111,053 cash to close. Return on cash invested measures 33.11% in year one, and rental yield registers 12.06% at a $335,000 basis. Equity gained on principal adds $2,162/yr, and annual property appreciation at 5% supports $92,554 by year five. Five-year ROI tracks 173.93% and total cumulative return in cash totals $193,148. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $3,366/mo property income relative to a $1,640/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Multi Family
Built in 2022
6,791 sqft lot
$N/A/sqft
$133 monthly HOA
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 |
Housing Distribution
Address Breakdown
Residential
7,675
Single Family
7,645
Multi-Family
30
Businesses
302
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Listed by: Brian Durkin • @properties/Christie's Intl RE
Mls Name: NIRA
Mls Provider:
Mls ID: #819157
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