3915 S Wayne DrLa PorteIN46350
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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 La Porte at 3915 S Wayne Dr, La Porte, IN, 46350 priced at $309,000 pairs $1,870/mo rent with $16/mo cash flow after a $1,512/mo payment. Total monthly income equals $1,870/mo, and annual cash flow comes to $186/yr on $102,434 invested. Return on cash invested is 20.09% in year one, and rental yield stands at 7.26% on a $309,000 basis. Equity gained on principal adds $1,994/yr, and 5% annual appreciation accumulates to $85,371 by year five. Five-year ROI measures 103.58% and total cumulative return in cash reaches $106,097. For financing, Ziffy Mortgage’s DSCR program evaluates $1,870/mo property income against a $1,512/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1973
0.41 Acres lot
$N/A/sqft
No HOA
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 |
Housing Distribution
Address Breakdown
Residential
18,446
Single Family
17,121
Multi-Family
1,325
Businesses
1,117
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Listed by: Amy Blind • Pine Lake Realty
Mls Name: NIRA
Mls Provider:
Mls ID: #819797
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