719 Cedar St, Michigan City, IN, 46360 | $262/mo Cash Flow

For Sale

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Rental property for sale in Michigan City at 719 Cedar St, Michigan City, IN, 46360 priced at $149,000 pairs $1,156/mo rent with $262/mo cash flow after a $729/mo payment. Total monthly income equals $1,156/mo, and annual cash flow comes to $3,142/yr on $49,394 invested. Return on cash invested is 26.27% in year one, and rental yield stands at 9.31% on a $149,000 basis. Equity gained on principal adds $961/yr, and 5% annual appreciation accumulates to $41,166 by year five. Five-year ROI measures 136.71% and total cumulative return in cash reaches $67,528. For financing, Ziffy Mortgage’s DSCR program evaluates $1,156/mo property income against a $729/mo payment instead of your W2s, 1099s, or Tax returns.

Single Family

Built in 1890

3,049 sqft lot

$N/A/sqft

No HOA

Neighborhood Data

Neighborhood data shown for ZIP Code: 46360, Michigan City, IN area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	21,591 (100%)
Owner Occupied HU	11,713 (54.2%)
Renter Occupied HU	6,451 (29.9%)
Vacant Housing Units	3,427 (15.9%)
Median Home Value	$182,550
Average Home Value	$260,534