11578 W 123rd AveCedar LakeIN46303
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 11578 W 123rd Ave, Cedar Lake, IN, 46303 uses $119,009 cash to close to unlock $13,645/yr annual cash flow and $1,137/mo monthly cash flow. Total monthly income runs $3,292/mo, and a $1,757/mo payment keeps the spread at $1,137/mo. Purchase price stands at $359,000, and rental yield measures 11% with $3,292/mo rent. Return on cash invested shows 31.37% in year one, and 5% annual appreciation builds toward $99,185 over five years. Five-year ROI reaches 164.11% and total cumulative return in cash records $195,307. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,292/mo property income covering a $1,757/mo payment rather than investor’s personal income.
Single Family
Built in 2022
7,178 sqft lot
$N/A/sqft
No 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Gina Guarino • McColly Real Estate
Mls Name: NIRA
Mls ID: #824293