3959 S Lakeshore DrCrown PointIN46307
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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 Crown Point at 3959 S Lakeshore Dr, Crown Point, IN, 46307 priced at $600,000 converts $2,837/mo rent into after a $2,937/mo obligation. Total monthly income equals $2,837/mo. Return on cash invested prints 13.53% in year one, and rental yield reads 5.67% against a $600,000 entry. Equity gained on principal adds $3,872/yr, while 5% annual appreciation compiles into $165,769 by year five. Five-year ROI reaches 69.03% and total cumulative return in cash sums $136,272. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,837/mo property income covering a $2,937/mo payment, not borrower’s personal income.
Single Family
Built in 1977
0.33 Acres lot
$N/A/sqft
$1,800 semi-annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46307, Crown Point, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 28,493 (100%) |
| Owner Occupied HU | 23,758 (83.4%) |
| Renter Occupied HU | 3,580 (12.6%) |
| Vacant Housing Units | 1,155 ( 4.1%) |
| Median Home Value | $328,229 |
| Average Home Value | $358,457 |
Housing Distribution
Address Breakdown
Residential
27,816
Single Family
25,807
Multi-Family
2,009
Businesses
1,450
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Listed by: Kelly Royster • Listing Leaders
Mls Name: NIRA
Mls Provider:
Mls ID: #818258
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