509 K St, La Porte, IN, 46350 | $116/mo Cash Flow

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

Home Type: Single Family

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509 K St, La Porte, IN, 46350 | $116/mo Cash Flow | Ziffy

For Sale

Fix & Flip

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Rental property for sale in La Porte at 509 K St, La Porte, IN, 46350 priced at $185,000 converts $1,226/mo rent into $116/mo cash flow after a $905/mo obligation. Total monthly income equals $1,226/mo, and annual cash flow totals $1,392/yr on $61,328 invested. Return on cash invested prints 22.18% in year one, and rental yield reads 7.95% against a $185,000 entry. Equity gained on principal adds $1,194/yr, while 5% annual appreciation compiles into $51,112 by year five. Five-year ROI reaches 114.75% and total cumulative return in cash sums $70,371. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,226/mo property income covering a $905/mo payment, not borrower’s personal income.

Single Family

Built in 1860

7,021 sqft lot

$N/A/sqft

No HOA

More details about the property

Absolutely Adorable 2-Bedroom Home - A Real Treasure! Come on in and discover this charming, meticulously cared for home that effortlessly combines charm and coziness! With 2 inviting bedrooms, a spacious and well-equipped bathroom, dining area, a sunny and cheerful living space, and kitchen. This delightful home is as cute as a button and waiting for you to add your personal touch. Experience the convenience of main floor laundry, making daily chores a breeze! The basement offers plenty of storage space. Situated in a fantastic in-town location, this property features a large fenced backyard - ideal for various activities or simply relaxing in the fresh air. Although she may be older, this home is truly a gem. There are absolutely no issues to worry about; this property is sturdy and prepared for its next adventure. Keep in mind that it is being sold in as-is condition, and the seller is unable to make any repairs. Don't let this amazing opportunity slip away! Homes as charming as this one tend to sell quickly!

Neighborhood Data

Neighborhood data shown for ZIP Code: 46350, La Porte, IN area.

Housing Distribution

Housing Statistics

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