220 Worden St, La Porte, IN, 46350 | $182/mo Cash Flow

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220 Worden St, La Porte, IN, 46350 | $182/mo Cash Flow | Ziffy

For Sale

Currently Rented

Fix & Flip

Rental Income

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

Investment property for sale in La Porte at 220 Worden St, La Porte, IN, 46350 earns $182/mo cash flow from $812/mo rent with a $514/mo payment. Total monthly income totals $812/mo, and annual cash flow totals $2,179/yr on $34,808 capital. ROI tracks 26.17% on current figures, and rental yield reads 9.28% at a $105,000 purchase. Equity gained on principal adds $678/yr, and 5% annual appreciation supports $29,010 over five years. Five-year ROI reaches 136.22% and total cumulative return in cash sums $47,414. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $812/mo property income instead of your personal income.

Single Family

Built in 1938

6,185 sqft lot

$N/A/sqft

No HOA

More details about the property

Don't miss this unique chance to own two homes on one property in a convenient eastside LaPorte location. Perfect for an investor looking to expand their portfolio or for a buyer who wants to live in one home and generate income from the other. The first home is currently rented, and the tenant would like to remain, offering immediate income potential. The second home needs fixing up, making it an excellent opportunity to add value with updates and improvements. Both homes feature 2 bedrooms and 1 full bath, with separate addresses, giving each property its own identity. Situated on a generous corner lot, there's room to enjoy outdoor space. With its combination of income potential, affordable ownership, and opportunity for sweat equity, this property is a rare find. This property has plenty of possibilities. Schedule your showing today and explore the potential of this two-home package!

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