2637 Lawrence StLake StationIN46405
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowThe yield at 2637 Lawrence St, Lake Station, IN, 46405 in Lake Station speaks for itself: 10.79% gross on a $169,000 price, generating $1,519/mo in rent and $505/mo in net income after the $760/mo debt service. DSCR 2.00, a wide margin that supports Ziffy Mortgage's DSCR loan without any personal income check. Annual cash flow of $6,057 stacks alongside $46,692 in projected five-year appreciation and $1,557/yr in principal reduction. Projected total cumulative return: $96,415.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 10.8% | 8.0% |
| Monthly Cash Flow | $505 | $1,500 |
City averages based on Lake Station market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,519 |
| Total Monthly Debt Service | $947 |
| DSCR Ratio | 1.60x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 1930
7,492 sqft lot
$N/A/sqft
No HOA
Nearby investment properties with comparable rents
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
Single Family
Built in 1930
7,492 sqft lot
$N/A/sqft
No HOA
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Mary Borns • Boulder Bay Realty Group
Mls Name: NIRA
Mls ID: #828223