3220 Minnesota 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
Rental property for sale in Lake Station at 3220 Minnesota St, Lake Station, IN, 46405 generates $1,975/mo in rent and, after a $751/mo payment, leaves $1,054/mo in cash flow. Total monthly income is $1,975/mo, and annual cash flow is $12,646/yr on $50,885 invested. Return on cash invested sits at 44.76% in year one, and rental yield is 15.44% on a $153,500 entry. Equity gained on principal adds $991/yr, while 5% annual appreciation builds toward $42,409 over five years. Five-year ROI reaches 235.87% and total cumulative return in cash sums $120,025. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,975/mo property income rather than buyer’s personal income.
Single Family
Built in 1954
6,316 sqft lot
$N/A/sqft
No HOA
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Listed by: Marcy Norman • Trendsetters Realty, LLC
Mls Name: NIRA
Mls Provider:
Mls ID: #812208
Disclaimer: Based on information submitted to the MLS GRID as of 2025-10-30 05:02:43 PDT. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website. [Click here for more information](/mls-disclaimers/#185)