310 Planett St, La Porte, IN, 46350 | $505/mo Cash Flow

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Monthly Cash Flow: 1 - 3k+

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310 Planett St, La Porte, IN, 46350 | $505/mo Cash Flow | Ziffy

For Sale

Fix & Flip

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

Rental property for sale in La Porte at 310 Planett St, La Porte, IN, 46350 priced at $104,000 pairs $1,129/mo rent with $505/mo cash flow after a $509/mo payment. Total monthly income equals $1,129/mo, and annual cash flow comes to $6,057/yr on $34,476 invested. Return on cash invested is 37.48% in year one, and rental yield stands at 13.03% on a $104,000 basis. Equity gained on principal adds $671/yr, and 5% annual appreciation accumulates to $28,733 by year five. Five-year ROI measures 196.87% and total cumulative return in cash reaches $67,872. For financing, Ziffy Mortgage’s DSCR program evaluates $1,129/mo property income against a $509/mo payment instead of your W2s, 1099s, or Tax returns.

Single Family

Built in 1912

6,599 sqft lot

$N/A/sqft

No HOA

More details about the property

Unlock the potential in this 2 bedroom, 1 bathroom home nestled in the heart of LaPorte, Indiana. Whether you're a savvy investor, a DIY enthusiast, or someone looking to create your dream home from the ground up, this property offers a solid foundation and endless possibilities. Located on a quiet residential street, this home features a traditional layout, and a spacious backyard--perfect for entertaining, gardening, or future expansion. The property needs TLC and updates throughout, but with the right vision, it can shine again. All Majors have been updated within the last 5 years, new roof, siding, HVAC, and hot water heater. Close to Downtown LaPorte, Schools, and Parks Priced to Sell - Below Market Value! This is a great chance to invest in a growing area and add your personal touch. Being sold as-is. Bring your toolbox and your imagination--this is one you won't want to miss!

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