1409 Lake AveWhitingIN46394
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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
Investment property for sale in Whiting at 1409 Lake Ave, Whiting, IN, 46394 offers a 8.4% rental yield on a $205,000 purchase with $1,435/mo rent. Total monthly income registers $1,435/mo, and a $1,003/mo payment leaves $205/mo available for distribution. Annual cash flow reaches $2,457/yr on $67,958 to close, and return on cash invested stands at 23.53% in year one. Equity gained on principal adds $1,323/yr while 5% annual appreciation supports $56,638 over five years. Portfolio math shows five-year ROI at 121.99% and total cumulative return in cash at $82,902. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,435/mo property income against a $1,003/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1918
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
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