2700 Elkhart St,Lake Station,IN,46405

Investment Highlights

Investment property for sale in Lake Station at 2700 Elkhart St, Lake Station, IN, 46405 listed at $217,000 pairs $1,912/mo rent with a $1,062/mo payment to leave $517/mo cash flow. Total monthly income runs $1,912/mo, and annual cash flow reaches $6,209/yr on $71,936 cash to close. Return on cash invested measures 28.54% in year one, and rental yield registers 10.57% at a $217,000 basis. Equity gained on principal adds $1,400/yr, and annual property appreciation at 5% supports $59,953 by year five. Five-year ROI tracks 149.47% and total cumulative return in cash totals $107,525. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,912/mo property income relative to a $1,062/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).