5040 Spinnaker Ln UNIT ACrown PointIN46307
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Crown Point at 5040 Spinnaker Ln UNIT A, Crown Point, IN, 46307 at $399,900 posts ROI 23% with $341/mo cash flow from $2,894/mo rent. Total monthly income equals $2,894/mo, and annual cash flow records $4,093/yr on $132,567 to close. Return on cash invested measures 23% and rental yield reads 8.68% at the current $399,900. Equity gained on principal adds $2,580/yr, and 5% annual appreciation supports $110,485 by year five. Five-year ROI prints 119.68% and total cumulative return in cash totals $158,660.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $2,894/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Condo
Built in 1990
N/A lot
$N/A/sqft
$1,800 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: Michael Cacovski • Century 21 Circle
Mls Name: NIRA
Mls Provider:
Mls ID: #817273
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.