1238 Lakeview StWhitingIN46394
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 Whiting at 1238 Lakeview St, Whiting, IN, 46394 offers a 9.36% rental yield on a $169,900 purchase with $1,325/mo rent. Total monthly income registers $1,325/mo, and a $832/mo payment leaves $262/mo available for distribution. Annual cash flow reaches $3,147/yr on $56,322 to close, and return on cash invested stands at 25.5% in year one. Equity gained on principal adds $1,096/yr while 5% annual appreciation supports $46,940 over five years. Portfolio math shows five-year ROI at 132.93% and total cumulative return in cash at $74,870. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,325/mo property income against a $832/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1940
4,560 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46394, Whiting, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,246 (100%) |
| Owner Occupied HU | 3,034 (57.8%) |
| Renter Occupied HU | 1,726 (32.9%) |
| Vacant Housing Units | 486 ( 9.3%) |
| Median Home Value | $198,776 |
| Average Home Value | $250,145 |
Housing Distribution
Address Breakdown
Residential
4,622
Single Family
4,241
Multi-Family
381
Businesses
279
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Lisa Grady • McColly Real Estate
Mls Name: NIRA
Mls Provider:
Mls ID: #822274
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.