2024 Lake AveWhitingIN46394
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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
Investment property for sale in Whiting at 2024 Lake Ave, Whiting, IN, 46394 uses $87,848 cash to close to unlock $4,551/yr annual cash flow and $379/mo monthly cash flow. Total monthly income runs $1,970/mo, and a $1,297/mo payment keeps the spread at $379/mo. Purchase price stands at $265,000, and rental yield measures 8.92% with $1,970/mo rent. Return on cash invested shows 25.09% in year one, and 5% annual appreciation builds toward $73,215 over five years. Five-year ROI reaches 130.42% and total cumulative return in cash records $114,567. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,970/mo property income covering a $1,297/mo payment rather than investor’s personal income.
Single Family
Built in 1937
5,519 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46394, Whiting, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,246 (100%) |
| Owner Occupied HU | 3,034 (57.8%) |
| Renter Occupied HU | 1,726 (32.9%) |
| Vacant Housing Units | 486 ( 9.3%) |
| Median Home Value | $198,776 |
| Average Home Value | $250,145 |
Housing Distribution
Address Breakdown
Residential
4,622
Single Family
4,241
Multi-Family
381
Businesses
279
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