2853 Howard 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
Investment property for sale in Lake Station at 2853 Howard St, Lake Station, IN, 46405 earns $1,603/mo cash flow from $2,228/mo rent with a $489/mo payment. Total monthly income totals $2,228/mo, and annual cash flow totals $19,231/yr on $33,150 capital. ROI tracks 77.92% on current figures, and rental yield reads 26.74% at a $100,000 purchase. Equity gained on principal adds $645/yr, and 5% annual appreciation supports $27,628 over five years. Five-year ROI reaches 414.09% and total cumulative return in cash sums $137,272. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,228/mo property income instead of your personal income.
Single Family
Built in 1961
0.29 Acres lot
$N/A/sqft
No HOA
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Listed by: Lauren DeFauw • McColly Real Estate
Mls Name: NIRA
Mls Provider:
Mls ID: #829871
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