513 Niles StLa PorteIN46350
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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
Rental property for sale in La Porte at 513 Niles St, La Porte, IN, 46350 priced at $167,122 pairs $1,492/mo rent with $489/mo cash flow after a $818/mo payment. Total monthly income equals $1,492/mo, and annual cash flow comes to $5,865/yr on $55,401 invested. Return on cash invested is 30.5% in year one, and rental yield stands at 10.71% on a $167,122 basis. Equity gained on principal adds $1,078/yr, and 5% annual appreciation accumulates to $46,173 by year five. Five-year ROI measures 159.36% and total cumulative return in cash reaches $88,290. For financing, Ziffy Mortgage’s DSCR program evaluates $1,492/mo property income against a $818/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1910
6,098 sqft lot
$N/A/sqft
No HOA
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 |
Housing Distribution
Address Breakdown
Residential
18,446
Single Family
17,121
Multi-Family
1,325
Businesses
1,117
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