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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Rental property for sale in Cedar Lake at 11975 W 129th Ave, Cedar Lake, IN, 46303 generates $4,084/mo in rent and, after a $3,108/mo payment, leaves $246/mo in cash flow. Total monthly income is $4,084/mo, and annual cash flow is $2,949/yr on $208,915 invested. Return on cash invested sits at 21.47% in year one, and rental yield is 7.72% on a $635,000 entry. Equity gained on principal adds $4,098/yr, while 5% annual appreciation builds toward $175,439 over five years. Five-year ROI reaches 110.99% and total cumulative return in cash sums $231,884. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $4,084/mo property income rather than buyer’s personal income.
Single Family
Built in 1987
5 Acres lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 46303, Cedar Lake, IN area.
| 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 |
Residential
7,675
Single Family
7,645
Multi-Family
30
Businesses
302
Date | Event | Price |
|---|---|---|
| 2025-10-03 | Sold | $635,000 |
| 2025-09-03 | Contingent | $629,000 |
| 2025-08-26 | Listed for sale | $629,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-10-24 | $5589.90 | -3.90% | $536,500 | -1.67% |
| 2023-10-24 | $5816.78 | 1.06% | $545,600 | 4.86% |
| 2022-10-24 | $5756.02 | -3.97% | $520,300 | 2.52% |
Listed by: Elizabeth Sheeran • @properties/Christie's Intl RE
Mls Name: NIRA
Mls Provider:
Mls ID: #826645
Disclaimer: Based on information submitted to the MLS GRID as of 2025-10-24 02:33:14 PDT. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website. [Click here for more information](/mls-disclaimers/#185)
