1578 Lakewood LnScherervilleIN46375
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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 Schererville at 1578 Lakewood Ln, Schererville, IN, 46375 generates $2,294/mo in rent and, after a $1,370/mo payment, leaves $614/mo in cash flow. Total monthly income is $2,294/mo, and annual cash flow is $7,364/yr on $92,820 invested. Return on cash invested sits at 27.84% in year one, and rental yield is 9.83% on a $280,000 entry. Equity gained on principal adds $1,807/yr, while 5% annual appreciation builds toward $77,359 over five years. Five-year ROI reaches 145.13% and total cumulative return in cash sums $134,709. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,294/mo property income rather than buyer’s personal income.
Condo
Built in 2005
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46375, Schererville, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,551 (100%) |
| Owner Occupied HU | 8,260 (78.3%) |
| Renter Occupied HU | 1,893 (17.9%) |
| Vacant Housing Units | 398 ( 3.8%) |
| Median Home Value | $327,752 |
| Average Home Value | $358,935 |
Housing Distribution
Address Breakdown
Residential
10,438
Single Family
9,295
Multi-Family
1,143
Businesses
1,045
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Listed by: David Jacinto • Realty Executives Premier
Mls Name: NIRA
Mls ID: #828133