2251 W State Road 10Lake VillageIN46349
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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
Investment Highlights
Investment property for sale in Lake Village at 2251 W State Road 10, Lake Village, IN, 46349 offers a 2.57% rental yield on a $695,000 purchase with $1,490/mo rent. 98% in year one. Equity gained on principal adds $4,485/yr while 5% annual appreciation supports $192,016 over five years. Portfolio math shows five-year ROI at 27.89% and total cumulative return in cash at $63,762. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,490/mo property income against a $3,402/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1954
4.25 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46349, Lake Village, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,518 (100%) |
| Owner Occupied HU | 1,220 (80.4%) |
| Renter Occupied HU | 157 (10.3%) |
| Vacant Housing Units | 141 ( 9.3%) |
| Median Home Value | $205,941 |
| Average Home Value | $222,834 |
Housing Distribution
Address Breakdown
Residential
1,269
Single Family
1,269
Multi-Family
0
Businesses
68
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Listed by: Kevin Rawls • Listing Leaders MVPs
Mls Name: NIRA
Mls ID: #826080