2840 Lake St, Lake Station, IN, 46405 | $192/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 2840 Lake St, Lake Station, IN, 46405 uses $36,465 cash to close to unlock $2,305/yr annual cash flow and $192/mo monthly cash flow. Total monthly income runs $852/mo, and a $538/mo payment keeps the spread at $192/mo. Purchase price stands at $110,000, and rental yield measures 9.29% with $852/mo rent. Return on cash invested shows 26.23% in year one, and 5% annual appreciation builds toward $30,391 over five years. Five-year ROI reaches 136.67% and total cumulative return in cash records $49,836. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $852/mo property income covering a $538/mo payment rather than investor’s personal income.

Single Family

Built in 1924

6,098 sqft lot

$N/A/sqft

No HOA