6195 Lakewood AvePortageIN46368
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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
Investment property for sale in Portage at 6195 Lakewood Ave, Portage, IN, 46368 listed at $410,183 pairs $2,448/mo rent with a $2,008/mo payment. Total monthly income runs $2,448/mo. Return on cash invested measures 19.53% in year one, and rental yield registers 7.16% at a $410,183 basis. Equity gained on principal adds $2,647/yr, and annual property appreciation at 5% supports $113,326 by year five. Five-year ROI tracks 100.64% and total cumulative return in cash totals $136,845. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,448/mo property income relative to a $2,008/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 2025
10,193 sqft lot
$N/A/sqft
$86 quarterly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46368, Portage, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 17,283 (100%) |
| Owner Occupied HU | 11,746 (68.0%) |
| Renter Occupied HU | 4,579 (26.5%) |
| Vacant Housing Units | 958 ( 5.5%) |
| Median Home Value | $249,146 |
| Average Home Value | $299,797 |
Housing Distribution
Address Breakdown
Residential
16,473
Single Family
13,813
Multi-Family
2,660
Businesses
1,039
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Listed by: Megan Mellis • Realty Executives Premier
Mls Name: NIRA
Mls Provider:
Mls ID: #821865
Disclaimer: Copyright 2025 MuItiple Listing Service of the Northwest Indiana REALTORS Association, Inc. All rights reserved. IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.