602 Plain 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 602 Plain St, La Porte, IN, 46350 priced at $183,000 converts $1,504/mo rent into $405/mo cash flow after a $896/mo obligation. Total monthly income equals $1,504/mo, and annual cash flow totals $4,862/yr on $60,665 invested. Return on cash invested prints 27.92% in year one, and rental yield reads 9.86% against a $183,000 entry. Equity gained on principal adds $1,181/yr, while 5% annual appreciation compiles into $50,560 by year five. Five-year ROI reaches 145.66% and total cumulative return in cash sums $88,367. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,504/mo property income covering a $896/mo payment, not borrower’s personal income.
Single Family
Built in 1924
7,897 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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