6009 S State Road 39La 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 6009 S State Road 39, La Porte, IN, 46350 generates $1,380/mo in rent, after a $2,668/mo payment. Total monthly income is $1,380/mo. Return on cash invested sits at 7.4% in year one, and rental yield is 3.04% on a $545,000 entry. Equity gained on principal adds $3,517/yr, while 5% annual appreciation builds toward $150,573 over five years. Five-year ROI reaches 35.46% and total cumulative return in cash sums $63,588. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,380/mo property income rather than buyer’s personal income.
Single Family
Built in 1995
2 Acres 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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Listed by: Pete LaSalle • Listing Leaders
Mls Name: NIRA
Mls Provider:
Mls ID: #807710
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