2901 New York St, Lake Station, IN, 46405 | $274/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 2901 New York St, Lake Station, IN, 46405 uses $60,002 cash to close to unlock $3,293/yr annual cash flow and $274/mo monthly cash flow. Total monthly income runs $1,361/mo, and a $886/mo payment keeps the spread at $274/mo. Purchase price stands at $181,000, and rental yield measures 9.02% with $1,361/mo rent. Return on cash invested shows 25.4% in year one, and 5% annual appreciation builds toward $50,007 over five years. Five-year ROI reaches 132.09% and total cumulative return in cash records $79,255. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,361/mo property income covering a $886/mo payment rather than investor’s personal income.

Single Family

Built in 1951

6,359 sqft lot

$N/A/sqft

No HOA