2800 Vermillion 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 2800 Vermillion St, Lake Station, IN, 46405 priced at $123,000 converts $1,690/mo rent into $936/mo cash flow after a $602/mo obligation. Total monthly income equals $1,690/mo, and annual cash flow totals $11,234/yr on $40,775 invested. Return on cash invested prints 47.46% in year one, and rental yield reads 16.49% against a $123,000 entry. Equity gained on principal adds $794/yr, while 5% annual appreciation compiles into $33,983 by year five. Five-year ROI reaches 250.6% and total cumulative return in cash sums $102,181. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,690/mo property income covering a $602/mo payment, not borrower’s personal income.
Single Family
Built in 1934
10,018 sqft lot
$N/A/sqft
No HOA
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Listed by: Keri Hir • Keri Hir
Mls Name: NIRA
Mls Provider:
Mls ID: #813029
Disclaimer: Based on information submitted to the MLS GRID as of 2025-10-30 05:12:55 PDT. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website. [Click here for more information](/mls-disclaimers/#185)