2185 W Lukens Lake Rd #7LaketonIN46943
INVESTMENT ANALYSIS
Investment Verdict
Steady Equity Builder2185 W Lukens Lake Rd #7, Laketon, IN, 46943 in Laketon earns a respectable 7.39% gross yield at $220,000, but after the $989/mo mortgage the net cash flow is $34/mo, a tight but positive spread. Expense discipline (vacancy, management, maintenance) will determine whether the margin widens. Ziffy Mortgage's DSCR mortgage (1.37) still qualifies on property income; a larger down payment can improve the cash-flow buffer. Long-term, 5% appreciation projects $60,782 over five years, making equity the dominant return driver. Total projected return: $85,514.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 7.4% | 8.2% |
| Monthly Cash Flow | $34 | $250 |
City averages based on Laketon market data in our database. Property projections are estimates.
DSCR Rental Loan Qualification
Qualifies using the property's rental income, not your personal income.
- ✓No W-2, pay stubs, or tax returns needed
- ✓Rental income qualifies you
- ✓Built for real estate investors
| Monthly Rental Income | $1,355 |
| Total Monthly Debt Service | $1,233 |
| DSCR Ratio | 1.10x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 1911
2.40 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46943, Laketon, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 103 (100%) |
| Owner Occupied HU | 76 (73.8%) |
| Renter Occupied HU | 15 (14.6%) |
| Vacant Housing Units | 12 (11.7%) |
| Median Home Value | $270,000 |
| Average Home Value | $347,895 |
Housing Distribution
Address Breakdown
Residential
96
Single Family
96
Multi-Family
0
Businesses
10
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Single Family
Built in 1911
2.40 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46943, Laketon, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 103 (100%) |
| Owner Occupied HU | 76 (73.8%) |
| Renter Occupied HU | 15 (14.6%) |
| Vacant Housing Units | 12 (11.7%) |
| Median Home Value | $270,000 |
| Average Home Value | $347,895 |
Housing Distribution
Address Breakdown
Residential
96
Single Family
96
Multi-Family
0
Businesses
10
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices