2439 Wayne StLake StationIN46405
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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
Rental property for sale in Lake Station at 2439 Wayne St, Lake Station, IN, 46405 offers $1,332/mo rent that, after a $695/mo payment, leaves $480/mo cash flow. Total monthly income is $1,332/mo, and annual cash flow is $5,755/yr on $47,073 cash. Return on cash invested measures 32.14% in year one, and rental yield stands at 11.26% at a $142,000 entry. Equity gained on principal adds $916/yr while 5% annual appreciation compounds into $39,232 by year five. Five-year ROI records 168.23% and total cumulative return in cash reaches $79,190. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,332/mo property income versus a $695/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1951
5,662 sqft lot
$N/A/sqft
No HOA
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Listed by: Drake Phillips • Realest.com
Mls Name: NIRA
Mls Provider:
Mls ID: #811530
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