2493 E Lakeshore DrCrown PointIN46307
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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 Crown Point at 2493 E Lakeshore Dr, Crown Point, IN, 46307 priced at $701,000 pairs $3,785/mo rent with after a $3,431/mo payment. Total monthly income equals $3,785/mo. Return on cash invested is 17.08% in year one, and rental yield stands at 6.48% on a $701,000 basis. Equity gained on principal adds $4,523/yr, and 5% annual appreciation accumulates to $193,673 by year five. Five-year ROI measures 87.68% and total cumulative return in cash reaches $202,218. For financing, Ziffy Mortgage’s DSCR program evaluates $3,785/mo property income against a $3,431/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1968
0.46 Acres lot
$N/A/sqft
$1,800 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46307, Crown Point, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 28,493 (100%) |
| Owner Occupied HU | 23,758 (83.4%) |
| Renter Occupied HU | 3,580 (12.6%) |
| Vacant Housing Units | 1,155 ( 4.1%) |
| Median Home Value | $328,229 |
| Average Home Value | $358,457 |
Housing Distribution
Address Breakdown
Residential
27,816
Single Family
25,807
Multi-Family
2,009
Businesses
1,450
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Listed by: Steve Likas • Century 21 Circle
Mls Name: NIRA
Mls Provider:
Mls ID: #820026
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