2401 Riverside Dr, Lake Station, IN, 46405 | $691/mo Cash Flow

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

Investment property for sale in Lake Station at 2401 Riverside Dr, Lake Station, IN, 46405 uses $71,273 cash to close to unlock $8,289/yr annual cash flow and $691/mo monthly cash flow. Total monthly income runs $1,981/mo, and a $1,052/mo payment keeps the spread at $691/mo. Purchase price stands at $215,000, and rental yield measures 11.06% with $1,981/mo rent. Return on cash invested shows 31.54% in year one, and 5% annual appreciation builds toward $59,401 over five years. Five-year ROI reaches 164.95% and total cumulative return in cash records $117,565. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,981/mo property income covering a $1,052/mo payment rather than investor’s personal income.

Single Family

Built in 1947

1.80 Acres lot

$N/A/sqft

No HOA