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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Rental property for sale in Cedar Lake at 14316 Hobart St, Cedar Lake, IN, 46303 generates $1,546/mo in rent and, after a $1,077/mo payment, leaves $225/mo in cash flow. Total monthly income is $1,546/mo, and annual cash flow is $2,702/yr on $72,930 invested. Return on cash invested sits at 23.61% in year one, and rental yield is 8.43% on a $220,000 entry. Equity gained on principal adds $1,420/yr, while 5% annual appreciation builds toward $60,782 over five years. Five-year ROI reaches 122.52% and total cumulative return in cash sums $89,351. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,546/mo property income rather than buyer’s personal income.
Single Family
Built in 1978
1.03 Acres lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 46303, Cedar Lake, IN area.
| 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 |
Residential
7,675
Single Family
7,645
Multi-Family
30
Businesses
302
Date | Event | Price |
|---|---|---|
| 2025-05-26 | Listed for sale | $220,000 |
| 2003-06-12 | Sold | $75,500 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-05-28 | $824.86 | -6.77% | $113,500 | 7.08% |
| 2023-05-28 | $884.74 | 22.84% | $106,000 | 0.95% |
| 2022-05-28 | $720.26 | 6.09% | $105,000 | 3.96% |
Listed by: Toni Dayberry • McColly Real Estate
Mls Name: NIRA
Mls Provider:
Mls ID: #821389
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.
