15507 Magoun St, Cedar Lake, IN, 46303 | $538/mo Cash Flow

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

Home Type: Single Family

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15507 Magoun St, Cedar Lake, IN, 46303 | $538/mo Cash Flow | 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

Investment property for sale in Cedar Lake at 15507 Magoun St, Cedar Lake, IN, 46303 listed at $574,900 pairs $3,989/mo rent with a $2,814/mo payment to leave $538/mo cash flow. Total monthly income runs $3,989/mo, and annual cash flow reaches $6,454/yr on $189,142 cash to close. Return on cash invested measures 23.47% in year one, and rental yield registers 8.33% at a $574,900 basis. Equity gained on principal adds $3,710/yr, and annual property appreciation at 5% supports $158,834 by year five. Five-year ROI tracks 121.67% and total cumulative return in cash totals $230,127. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $3,989/mo property income relative to a $2,814/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).

Single Family

Built in 1973

10.06 Acres lot

$N/A/sqft

No HOA

More details about the property

Beautiful 10.06 acres with 5 bedroom, 3 bath home, living room with fireplace, eat- in-kitchen with island and all appliances. Formal dining room.Four upstairs bedrooms. Primary bedroom with bath. Lower level - Huge rec room, 5th bedroom, bathroom and laundry. Full covered porch offthe back of the home. Pole barn - part concrete flooring, horse stall and full upstairs storage. Private and wooded.

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