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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Investment property for sale in La Porte at 40 Toronto St, La Porte, IN, 46350 listed at $185,000 pairs $1,812/mo rent with a $905/mo payment to leave $702/mo cash flow. Total monthly income runs $1,812/mo, and annual cash flow reaches $8,424/yr on $61,328 cash to close. Return on cash invested measures 33.64% in year one, and rental yield registers 11.75% at a $185,000 basis. Equity gained on principal adds $1,194/yr, and annual property appreciation at 5% supports $51,112 by year five. Five-year ROI tracks 176.23% and total cumulative return in cash totals $108,075. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,812/mo property income relative to a $905/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1940
4,399 sqft lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 46350, La Porte, IN area.
| 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 |
Residential
18,446
Single Family
17,121
Multi-Family
1,325
Businesses
1,117
Date | Event | Price |
|---|---|---|
| 2025-05-29 | Listed for sale | $185,000 |
| 2009-11-09 | Sold | $72,000 |
| 2009-07-11 | Listed for sale | $76,900 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-05-30 | $1093.00 | 10.96% | $120,200 | 9.97% |
| 2023-05-30 | $985.00 | 6.37% | $109,300 | 10.96% |
| 2022-05-30 | $926.00 | -6.09% | $98,500 | 6.37% |
Listed by: Kristy Ruminski • Brokerworks Group
Mls Name: NIRA
Mls Provider:
Mls ID: #821596
Disclaimer: Copyright 2025 MuItiple Listing Service of the Northwest Indiana REALTORS Association, Inc. All rights reserved. IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.
