12815 Whitcomb St, Crown Point, IN, 46307 | $365/mo Cash Flow

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

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12815 Whitcomb St, Crown Point, IN, 46307 | $365/mo Cash Flow | Ziffy

Pending

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Investment property for sale in Crown Point at 12815 Whitcomb St, Crown Point, IN, 46307 offers a 9.15% rental yield on a $225,000 purchase with $1,715/mo rent. Total monthly income registers $1,715/mo, and a $1,101/mo payment leaves $365/mo available for distribution. Annual cash flow reaches $4,375/yr on $74,588 to close, and return on cash invested stands at 25.78% in year one. Equity gained on principal adds $1,452/yr while 5% annual appreciation supports $62,163 over five years. Portfolio math shows five-year ROI at 134.06% and total cumulative return in cash at $99,993. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,715/mo property income against a $1,101/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.

Single Family

Built in 1954

0.26 Acres lot

$N/A/sqft

No HOA

More details about the property

Welcome to this thoughtfully reimagined ranch in the heart of South Crown Point. Unlike neighboring homes, this residence has been converted into a spacious 1-bedroom with an attached office, creating a more open, comfortable, and versatile living space. The expanded bedroom and living room offer the kind of grand layout rarely found at this price point. A true highlight is the oversized, heated two-car detached garage--complete with a private storage room and work area, perfect for hobbyists, mechanics, or anyone needing extra space. The backyard shed is fully powered with electricity, adding even more function and convenience. This hidden gem sits in an unbeatable location near the Lake County Fairgrounds, vibrant Downtown Crown Point, and the state-of-the-art Crown Point YMCA. With a durable metal roof and a home that has been meticulously maintained, buyers can move in with peace of mind knowing they're stepping into something truly special. Finding a property this well-kept, under 250,000, in one of Northwest Indiana's strongest markets is a rare opportunity. Don't miss your chance--schedule your showing today!

Neighborhood Data

Neighborhood data shown for ZIP Code: 46307, Crown Point, IN area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	28,493 (100%)
Owner Occupied HU	23,758 (83.4%)
Renter Occupied HU	3,580 (12.6%)
Vacant Housing Units	1,155 ( 4.1%)
Median Home Value	$328,229
Average Home Value	$358,457