333 Lake Shore Dr APT A4Michigan CityIN46360
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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 Michigan City at 333 Lake Shore Dr APT A4, Michigan City, IN, 46360 with 5% annual appreciation on a $240,750 basis while $1,402/mo rent supports operations. 81% in year one. Equity gained on principal adds $1,554/yr, and five-year appreciation sums $66,515 alongside rental yield of 6.99%. Five-year ROI measures 46.94% and total cumulative return in cash totals $37,462. Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,402/mo property income versus a $1,178/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Condo
Built in 1992
N/A lot
$N/A/sqft
$395 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46360, Michigan City, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 21,591 (100%) |
| Owner Occupied HU | 11,713 (54.2%) |
| Renter Occupied HU | 6,451 (29.9%) |
| Vacant Housing Units | 3,427 (15.9%) |
| Median Home Value | $182,550 |
| Average Home Value | $260,534 |
Housing Distribution
Address Breakdown
Residential
19,767
Single Family
17,144
Multi-Family
2,623
Businesses
1,421
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Listed by: Michele Gallas • @properties/Christie's Intl RE
Mls Name: NIRA
Mls Provider:
Mls ID: #805684
Disclaimer: Based on information submitted to the MLS GRID as of 2025-10-29 23:32:46 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)