Save Search
Filters Applied
EditEdit Filters
Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
Loading Maps & Overview...
Loading Calculator...
A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Investment property for sale in Cedar Lake at 14633 Drummond Ave, Cedar Lake, IN, 46303 offers a 9.91% rental yield on a $490,700 purchase with $4,054/mo rent. Total monthly income registers $4,054/mo, and a $2,402/mo payment leaves $1,108/mo available for distribution. Annual cash flow reaches $13,298/yr on $162,667 to close, and return on cash invested stands at 28.08% in year one. Equity gained on principal adds $3,166/yr while 5% annual appreciation supports $135,571 over five years. Portfolio math shows five-year ROI at 146.46% and total cumulative return in cash at $238,240. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $4,054/mo property income against a $2,402/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 2021
8,320 sqft 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 |
|---|---|---|
| 2025-08-21 | Listing removed | $499,000 |
| 2025-07-25 | Listed for sale | $499,000 |
| 2021-05-17 | Sold | $50,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-10-27 | $3292.84 | -6.12% | $375,100 | 13.80% |
| 2023-10-27 | $3507.52 | 219.75% | $329,600 | 4.73% |
| 2022-10-27 | $1096.94 | 15797.68% | $314,700 | 529.40% |
Listed by: N/A • N/A
Mls Name: undefined
Mls ID: #N/A
