2646 Vigo St, Lake Station, IN, 46405 | $268/mo Cash Flow

For Sale

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 2646 Vigo St, Lake Station, IN, 46405 offers a 9.03% rental yield on a $175,800 purchase with $1,323/mo rent. Total monthly income registers $1,323/mo, and a $860/mo payment leaves $268/mo available for distribution. Annual cash flow reaches $3,218/yr on $58,278 to close, and return on cash invested stands at 25.43% in year one. Equity gained on principal adds $1,134/yr while 5% annual appreciation supports $48,570 over five years. Portfolio math shows five-year ROI at 132.27% and total cumulative return in cash at $77,082. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,323/mo property income against a $860/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.

Single Family

Built in 1953

8,668 sqft lot

$N/A/sqft

No HOA