7316 W 140th Pl, Cedar Lake, IN, 46303 | $293/mo Cash Flow

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7316 W 140th Pl, Cedar Lake, IN, 46303 | $293/mo Cash Flow | Ziffy

For Sale

Fix & Flip

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

Investment property for sale in Cedar Lake at 7316 W 140th Pl, Cedar Lake, IN, 46303 uses $87,848 cash to close to unlock $3,519/yr annual cash flow and $293/mo monthly cash flow. Total monthly income runs $1,884/mo, and a $1,297/mo payment keeps the spread at $293/mo. Purchase price stands at $265,000, and rental yield measures 8.53% with $1,884/mo rent. Return on cash invested shows 23.92% in year one, and 5% annual appreciation builds toward $73,215 over five years. Five-year ROI reaches 124.12% and total cumulative return in cash records $109,035. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,884/mo property income covering a $1,297/mo payment rather than investor’s personal income.

Single Family

Built in 1957

0.43 Acres lot

$N/A/sqft

No HOA

More details about the property

Investor's Dream in Cedar Lake, Indiana - A True Blank Canvas with Major Upgrades Already Done!Welcome to this fantastic opportunity in the heart of Cedar Lake! Whether you're an investor, looking for a cozy weekend retreat, a potential Airbnb rental, or even a future permanent residence, this home offers incredible flexibility and value.This property is a genuine blank canvas -- the interior has been stripped down to the studs, giving you a rare chance to customize every detail exactly to your taste. The best part? Many of the costly, foundational upgrades have already been completed, making your renovation project smoother and more affordable. You'll find a brand-new roof and half of the new siding installed (the seller will leave the remaining green siding for you to finish), all-new electrical wiring, two brand-new air conditioning units, fresh ductwork, energy-efficient new windows, and stylish new front and sliding back doors.The former garage has been converted into additional bedrooms, but if you prefer, it can easily be reframed back into a garage -- giving you great versatility depending on your needs.Located within the award-winning Crown Point School District, this home combines the charm of small-town Cedar Lake living with top-tier education options, making it an excellent investment for families or rental property seekers.Please note, this property requires cash financing, making it ideal for investors or buyers ready to jump into a rewarding renovation.Don't miss out on this unique chance to shape your dream home or income property in a wonderful community. Schedule your showing today and imagine all the possibilities!

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