169 McClung Rd #304La PorteIN46350
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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 La Porte at 169 McClung Rd #304, La Porte, IN, 46350 generates $4,358/mo in rent and, after a $3,255/mo payment, leaves $280/mo in cash flow. Total monthly income is $4,358/mo, and annual cash flow is $3,361/yr on $218,785 invested. Return on cash invested sits at 21.6% in year one, and rental yield is 7.86% on a $665,000 entry. Equity gained on principal adds $4,291/yr, while 5% annual appreciation builds toward $183,727 over five years. Five-year ROI reaches 111.8% and total cumulative return in cash sums $244,603. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $4,358/mo property income rather than buyer’s personal income.
Condo
Built in 2022
1.45 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46350, La Porte, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 19,583 (100%) |
| Owner Occupied HU | 13,201 (67.4%) |
| Renter Occupied HU | 4,824 (24.6%) |
| Vacant Housing Units | 1,558 ( 8.0%) |
| Median Home Value | $242,759 |
| Average Home Value | $281,363 |
Housing Distribution
Address Breakdown
Residential
18,446
Single Family
17,121
Multi-Family
1,325
Businesses
1,117
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