5040 Spinnaker Ln UNIT CCrown 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
Investment property for sale in Crown Point at 5040 Spinnaker Ln UNIT C, Crown Point, IN, 46307 uses $104,423 cash to close to unlock $7,882/yr annual cash flow and $657/mo monthly cash flow. Total monthly income runs $2,548/mo, and a $1,542/mo payment keeps the spread at $657/mo. Purchase price stands at $315,000, and rental yield measures 9.71% with $2,548/mo rent. Return on cash invested shows 27.46% in year one, and 5% annual appreciation builds toward $87,029 over five years. Five-year ROI reaches 143.07% and total cumulative return in cash records $149,393. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,548/mo property income covering a $1,542/mo payment rather than investor’s personal income.
Condo
Built in 1990
N/A lot
$N/A/sqft
No 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: Alexandria Murphy • Keller Williams Preferred Real
Mls Name: NIRA
Mls ID: #825497