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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Investment property for sale in Cedar Lake at 7417 W 142nd Ave, Cedar Lake, IN, 46303 uses $91,163 cash to close to unlock $3,651/yr annual cash flow and $304/mo monthly cash flow. Total monthly income runs $1,955/mo, and a $1,346/mo payment keeps the spread at $304/mo. Purchase price stands at $275,000, and rental yield measures 8.53% with $1,955/mo rent. Return on cash invested shows 23.91% in year one, and 5% annual appreciation builds toward $75,977 over five years. Five-year ROI reaches 124.1% and total cumulative return in cash records $113,135. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,955/mo property income covering a $1,346/mo payment rather than investor’s personal income.
Single Family
Built in 1926
0.42 Acres lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 46303, Cedar Lake, IN area.
| 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 |
Residential
7,675
Single Family
7,645
Multi-Family
30
Businesses
302
Date | Event | Price |
|---|---|---|
| 2025-04-25 | Listed for sale | $275,000 |
| 2015-07-02 | Sold | $155,000 |
| 2003-11-26 | Sold | $121,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-04-28 | $2196.36 | -1.47% | $223,400 | 9.78% |
| 2023-04-28 | $2229.16 | 10.26% | $203,500 | 0.69% |
| 2022-04-28 | $2021.66 | -0.83% | $202,100 | 3.85% |
Listed by: Megan Mellis • Realty Executives Premier
Mls Name: NIRA
Mls Provider:
Mls ID: #819675
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.
