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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 La Porte at 1208 W 20th St, La Porte, IN, 46350 generates $1,898/mo in rent and, after a $1,125/mo payment, leaves $518/mo in cash flow. Total monthly income is $1,898/mo, and annual cash flow is $6,218/yr on $76,212 invested. Return on cash invested sits at 28.07% in year one, and rental yield is 9.91% on a $229,900 entry. Equity gained on principal adds $1,484/yr, while 5% annual appreciation builds toward $63,517 over five years. Five-year ROI reaches 146.39% and total cumulative return in cash sums $111,563. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,898/mo property income rather than buyer’s personal income.
Single Family
Built in 1978
9,430 sqft lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 46350, La Porte, IN area.
| 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 |
Residential
18,446
Single Family
17,121
Multi-Family
1,325
Businesses
1,117
Date | Event | Price |
|---|---|---|
| 2025-03-13 | Listed for sale | $229,900 |
| 2021-03-09 | Sold | $165,000 |
| 2021-01-15 | Listed for sale | $165,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-03-15 | $1406.00 | 1.22% | $176,900 | 25.82% |
| 2023-03-15 | $1389.00 | 96.84% | $140,600 | 1.22% |
| 2022-03-15 | $705.64 | -35.14% | $138,900 | 86.44% |
Listed by: Michele Civanich • BHHS Executive Group RE
Mls Name: NIRA
Mls Provider:
Mls ID: #817430
Disclaimer: Copyright 2025 MuItiple Listing Service of the Northwest Indiana REALTORS Association, Inc. All rights reserved. IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.
