13304 Lakeshore Dr UNIT 202, Cedar Lake, IN, 46303 | 4.51% Rental Yield

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13304 Lakeshore Dr UNIT 202, Cedar Lake, IN, 46303 | 4.51% Rental Yield | Ziffy

For Sale

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

Total monthly income runs $2,179/mo, and a $2,838/mo payment. Purchase price stands at $579,900, and rental yield measures 4.51% with $2,179/mo rent. Return on cash invested shows 11.87% in year one, and 5% annual appreciation builds toward $160,216 over five years. Five-year ROI reaches 59.48% and total cumulative return in cash records $113,473. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,179/mo property income covering a $2,838/mo payment rather than investor’s personal income.

Condo

Built in 2006

N/A lot

$N/A/sqft

No HOA

More details about the property

Breathtaking views of Cedar Lake from this gorgeous condo in SUNSET HARBOR. This is resort living at its finest and it can be all yours! Relax on the covered patio and listen to soothing sounds of the water as you enjoy your front row seat to some of the most beautiful sunsets Mother Nature has to offer! Workout in the private gym and then take a dip in the pool that is just steps away from this unit. Inside this condo offers a stylish beach decor featuring a private master with walk in closet and large ensuite with soaking tub along with two additional bedrooms, one of which has double entry doors and could be used as an office. The kitchen has an abundance of cabinets, granite counter tops, stainless steel appliances and is open to the dining and living areas and has amazing views of the lake. This unit has a large storage room and in unit laundry room. In addition to the attached one car garage there is an additional detached one car garage included with this unit. HOA covers exterior, water, trash, landscaping, snow and internet and 24 hour access to private entry gate. This unit is has been freshly painted and is move in ready...don't miss it...call today.

Neighborhood Data

Neighborhood data shown for ZIP Code: 46303, Cedar Lake, IN area.

Housing Distribution

Housing Statistics

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