1513 Commodore LnPorterIN46304
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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
Rental property for sale in Porter at 1513 Commodore Ln, Porter, IN, 46304 priced at $361,000 pairs $3,396/mo rent with $1,147/mo cash flow after a $1,767/mo payment. Total monthly income equals $3,396/mo, and annual cash flow comes to $13,760/yr on $119,672 invested. Return on cash invested is 31.41% in year one, and rental yield stands at 11.29% on a $361,000 basis. Equity gained on principal adds $2,329/yr, and 5% annual appreciation accumulates to $99,738 by year five. Five-year ROI measures 164.56% and total cumulative return in cash reaches $196,931. For financing, Ziffy Mortgage’s DSCR program evaluates $3,396/mo property income against a $1,767/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1996
10,193 sqft lot
$N/A/sqft
$52 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46304, Chesterton, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,923 (100%) |
| Owner Occupied HU | 8,700 (73.0%) |
| Renter Occupied HU | 2,581 (21.6%) |
| Vacant Housing Units | 642 ( 5.4%) |
| Median Home Value | $313,394 |
| Average Home Value | $348,036 |
Housing Distribution
Address Breakdown
Residential
11,590
Single Family
11,019
Multi-Family
571
Businesses
1,010
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Listed by: Holly Nance • BHHS Executive Group RE
Mls Name: NIRA
Mls Provider:
Mls ID: #820445
Disclaimer: Based on information submitted to the MLS GRID as of 2025-10-21 04:22:38 PDT. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website. [Click here for more information](/mls-disclaimers/#185)