3041 Fairview AveLake 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 3041 Fairview Ave, Lake Station, IN, 46405 with 5% annual appreciation on a $215,000 basis while $1,596/mo rent supports operations. Total monthly income totals $1,596/mo and a $1,052/mo payment preserves $306/mo for cash returns. Annual cash flow comes to $3,669/yr on $71,273 deployed, and return on cash invested reaches 25.06% in year one. Equity gained on principal adds $1,387/yr, and five-year appreciation sums $59,401 alongside rental yield of 8.91%. Five-year ROI measures 130.22% and total cumulative return in cash totals $92,809.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,596/mo property income versus a $1,052/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1977
5,662 sqft lot
$N/A/sqft
No HOA
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Listed by: Julie Jackson • Brokerworks Group
Mls Name: NIRA
Mls Provider:
Mls ID: #817925
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