Save Search
Filters Applied
EditEdit Filters
Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
Loading Maps & Overview...
Loading Calculator...
A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Rental property for sale in La Porte at 508 Maple Ave, La Porte, IN, 46350 offers $1,895/mo rent that, after a $905/mo payment, leaves $694/mo cash flow. Total monthly income is $1,895/mo, and annual cash flow is $8,334/yr on $61,328 cash. Return on cash invested measures 33.5% in year one, and rental yield stands at 12.29% at a $185,000 entry. Equity gained on principal adds $1,194/yr while 5% annual appreciation compounds into $51,112 by year five. Five-year ROI records 176.15% and total cumulative return in cash reaches $108,027. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,895/mo property income versus a $905/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Multi Family
Built in 1892
6,669 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 |
|---|---|---|
| 2025-07-08 | Sold | $185,000 |
| 2025-05-29 | Pending sale | $220,000 |
| 2025-05-14 | Listed for sale | $220,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-10-27 | $2622.00 | -2.46% | $131,100 | N/A |
| 2023-10-27 | $2688.00 | 9.80% | $131,100 | -2.46% |
| 2022-10-27 | $2448.00 | 741.47% | $134,400 | 9.80% |
Listed by: Shawn Spaw • Stray Dog Properties, LLC
Mls Name: NIRA
Mls Provider:
Mls ID: #820733
Disclaimer: Based on information submitted to the MLS GRID as of 2025-10-26 23:27:37 PDT. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website. [Click here for more information](/mls-disclaimers/#185)
