3532 Lake View Drive SE, Elizabeth, IN, 47117 | 6.48% Rental Yield

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

Home Type: Single Family

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3532 Lake View Drive SE, Elizabeth, IN, 47117 | 6.48% Rental Yield | Ziffy

For Sale

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

Total monthly income runs $3,025/mo, and a $2,740/mo payment. Purchase price stands at $559,900, and rental yield measures 6.48% with $3,025/mo rent. Return on cash invested shows 17.87% in year one, and 5% annual appreciation builds toward $154,690 over five years. Five-year ROI reaches 91.66% and total cumulative return in cash records $168,838. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,025/mo property income covering a $2,740/mo payment rather than investor’s personal income.

Single Family

Built in 2007

1.45 Acres lot

$N/A/sqft

No HOA

More details about the property

This is LAKE LIVING with MODERN COMFORT at its FINEST! Overlooking the 125-acre 7 Springs Lake, this stunning home offers captivating water views from nearly every angle. The open-concept design features a soaring 12 vaulted ceiling in the living room, while the chefs kitchen (reno 2022) shines with quartz countertops, high-end stainless appliances, a walk-in pantry, and breakfast bar. Enjoy meals in the dining area with lake views or relax in the cozy hearth/keeping room nearby. The luxurious owners suite impresses with a 2024-renovated bath featuring heated floors, marble shower, a huge walk-in closet, and sweeping views of the lake and nature as you wake up every morning! The finished walkout basementwith 11 ceilings, a wet bar, office, full bath, potential 4th bedroom (no egress) and ample storageadds even more living space. Step outside to a screened-in porch and composite deck, or follow the concrete path to your private dock with fishing pole in hand. With a new roof (Fall 2025) and a 2-car garage, this LAKE RETREAT is the total packagejust 30 minutes from Louisville and 16 minutes to Horseshoe Casino.

Neighborhood Data

Neighborhood data shown for ZIP Code: 47117, Elizabeth, IN area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	1,903 (100%)
Owner Occupied HU	1,547 (81.3%)
Renter Occupied HU	188 ( 9.9%)
Vacant Housing Units	168 ( 8.8%)
Median Home Value	$235,074
Average Home Value	$269,627