6819 W 128th PlCedar LakeIN46303
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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 Cedar Lake at 6819 W 128th Pl, Cedar Lake, IN, 46303 uses $68,786 cash to close to unlock $2,724/yr annual cash flow and $227/mo monthly cash flow. Total monthly income runs $1,473/mo, and a $1,016/mo payment keeps the spread at $227/mo. Purchase price stands at $207,500, and rental yield measures 8.52% with $1,473/mo rent. Return on cash invested shows 23.87% in year one, and 5% annual appreciation builds toward $57,328 over five years. Five-year ROI reaches 123.91% and total cumulative return in cash records $85,235. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,473/mo property income covering a $1,016/mo payment rather than investor’s personal income.
Single Family
Built in 1925
8,250 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46303, Cedar Lake, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,052 (100%) |
| Owner Occupied HU | 6,511 (80.9%) |
| Renter Occupied HU | 981 (12.2%) |
| Vacant Housing Units | 560 ( 7.0%) |
| Median Home Value | $336,539 |
| Average Home Value | $354,927 |
Housing Distribution
Address Breakdown
Residential
7,675
Single Family
7,645
Multi-Family
30
Businesses
302
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Listed by: Jana Caudill • eXp Realty, LLC
Mls Name: NIRA
Mls Provider:
Mls ID: #819842
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