119 Patton 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 119 Patton St, La Porte, IN, 46350 uses $62,654 cash to close to unlock $5,766/yr annual cash flow and $481/mo monthly cash flow. Total monthly income runs $1,615/mo, and a $925/mo payment keeps the spread at $481/mo. Purchase price stands at $189,000, and rental yield measures 10.25% with $1,615/mo rent. Return on cash invested shows 29.11% in year one, and 5% annual appreciation builds toward $52,217 over five years. Five-year ROI reaches 152% and total cumulative return in cash records $95,230. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,615/mo property income covering a $925/mo payment rather than investor’s personal income.
Single Family
Built in 1900
3,336 sqft 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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