196 Spring View DrPorterIN46304
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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 196 Spring View Dr, Porter, IN, 46304 generates $3,368/mo in rent and, after a $1,711/mo payment, leaves $1,208/mo in cash flow. Total monthly income is $3,368/mo, and annual cash flow is $14,500/yr on $115,892 invested. Return on cash invested sits at 32.42% in year one, and rental yield is 11.56% on a $349,599 entry. Equity gained on principal adds $2,256/yr, while 5% annual appreciation builds toward $96,588 over five years. Five-year ROI reaches 169.94% and total cumulative return in cash sums $196,952. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,368/mo property income rather than buyer’s personal income.
Single Family
Built in 2006
0.26 Acres lot
$N/A/sqft
No 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: Karen Maynard • McColly Real Estate
Mls Name: NIRA
Mls Provider:
Mls ID: #825159
Disclaimer: Copyright 2025 MuItiple Listing Service of the Northwest Indiana REALTORS Association, Inc. All rights reserved. IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.