294 N Timber Ridge RdLa PorteIN46350
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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 La Porte at 294 N Timber Ridge Rd, La Porte, IN, 46350 offers $4,019/mo rent that, after a $2,569/mo payment, leaves $856/mo cash flow. Total monthly income is $4,019/mo, and annual cash flow is $10,269/yr on $172,692 cash. Return on cash invested measures 26.01% in year one, and rental yield stands at 9.19% at a $524,900 entry. Equity gained on principal adds $3,387/yr while 5% annual appreciation compounds into $145,020 by year five. Five-year ROI records 135.29% and total cumulative return in cash reaches $233,641. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $4,019/mo property income versus a $2,569/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1996
1.26 Acres lot
$N/A/sqft
$150 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46350, La Porte, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 19,583 (100%) |
| Owner Occupied HU | 13,201 (67.4%) |
| Renter Occupied HU | 4,824 (24.6%) |
| Vacant Housing Units | 1,558 ( 8.0%) |
| Median Home Value | $242,759 |
| Average Home Value | $281,363 |
Housing Distribution
Address Breakdown
Residential
18,446
Single Family
17,121
Multi-Family
1,325
Businesses
1,117
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Nearby investment properties with comparable prices
Listed by: Tricia Welty-Meyer • Weichert Realtors, Merrion Gro
Mls Name: NIRA
Mls Provider:
Mls ID: #819007
Disclaimer: Copyright 2025 MuItiple Listing Service of the Northwest Indiana REALTORS Association, Inc. All rights reserved. IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.