202 W Lakeview Dr, Nineveh, IN, 46164 | $59/mo Cash Flow

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

Home Type: Single Family

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202 W Lakeview Dr, Nineveh, IN, 46164 | $59/mo Cash Flow | Ziffy

For Sale

Fix & Flip

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

Rental property for sale in Nineveh at 202 W Lakeview Dr, Nineveh, IN, 46164 priced at $315,000 converts $1,950/mo rent into $59/mo cash flow after a $1,542/mo obligation. Total monthly income equals $1,950/mo, and annual cash flow totals $706/yr on $104,423 invested. Return on cash invested prints 20.59% in year one, and rental yield reads 7.43% against a $315,000 entry. Equity gained on principal adds $2,033/yr, while 5% annual appreciation compiles into $87,029 by year five. Five-year ROI reaches 106.22% and total cumulative return in cash sums $110,921. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,950/mo property income covering a $1,542/mo payment, not borrower’s personal income.

Single Family

Built in 1968

1.25 Acres lot

$N/A/sqft

No HOA

More details about the property

Welcome to your slice of peaceful lake life on Princes Lake Northeast Lake! This adorable bungalow sits on a extra large corner lot with big flowering trees, a fenced backyard that leads right to the water, and a large wrap-around deck perfect for soaking in the views. Inside, you'll find a unique layout with two bedrooms on the main living floor and a third bedroom with private exterior access - ideal for guests or a studio space. 2 main floor living spaces, currently the owners use one family room for a main level primary bedroom. The home features new flooring, a beautifully remodeled kitchen, and updated bathrooms, with just a bit of finishing work left to make it your own. A spacious metal two-car garage/barn (with gravel floor) offers plenty of storage or workshop space, and the owner has started revealing the home's original terra cotta brick under the siding - a timeless touch ready to shine again. There is a separate detached 1-car garage with additional workshop space as well. The large back yard/side yard is fenced with extra tall privacy fencing. The front of the property is wide open with lots of green space to enjoy. The waterfront is accessed by wooden stairs through the backyard. Enjoy the quiet, easy pace of lake life and make this charming property your very own retreat! Property being sold as-is. Property is being sold together with neighboring lot. Both lots together equal 1.25 acres.

Neighborhood Data

Neighborhood data shown for ZIP Code: 46164, Nineveh, IN area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	2,691 (100%)
Owner Occupied HU	1,648 (61.2%)
Renter Occupied HU	150 ( 5.6%)
Vacant Housing Units	893 (33.2%)
Median Home Value	$327,011
Average Home Value	$368,879