1281 S Redbud DrLa 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
Rental property for sale in La Porte at 1281 S Redbud Dr, La Porte, IN, 46350 generates $4,285/mo in rent and, after a $2,374/mo payment, leaves $1,373/mo in cash flow. Total monthly income is $4,285/mo, and annual cash flow is $16,482/yr on $160,778 invested. Return on cash invested sits at 30.16% in year one, and rental yield is 10.6% on a $485,000 entry. Equity gained on principal adds $3,130/yr, while 5% annual appreciation builds toward $133,997 over five years. Five-year ROI reaches 157.58% and total cumulative return in cash sums $253,346. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $4,285/mo property income rather than buyer’s personal income.
Single Family
Built in 1998
0.70 Acres 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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Listed by: Michael Kremp • REMAX County Wide 1st
Mls Name: NIRA
Mls Provider:
Mls ID: #825409
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