747 Waverly RdLa PorteIN46350
INVESTMENT ANALYSIS
Investment Verdict
Steady Equity Builder747 Waverly Rd, La Porte, IN, 46350 in La Porte is a solid income-producing rental, 7.6% gross yield, $6,300/mo rent, $327/mo net cash flow on a $995,000 buy. DSCR 1.34 qualifies the property for Ziffy Mortgage's financing without personal income documentation. Five-year appreciation of $274,900 and $8,341/yr in principal reduction project a total cumulative return of $378,834.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 7.6% | 7.0% |
| Monthly Cash Flow | $327 | $350 |
City averages based on La Porte market data in our database. Property projections are estimates.
DSCR Rental Loan Qualification
Qualifies using the property's rental income, not your personal income.
- ✓No W-2, pay stubs, or tax returns needed
- ✓Rental income qualifies you
- ✓Built for real estate investors
| Monthly Rental Income | $6,300 |
| Total Monthly Debt Service | $5,820 |
| DSCR Ratio | 1.08x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.5% rate / 30-yr fixed, 25% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 1950
1.50 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46350, La Porte, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 19,583 (100%) |
| Owner Occupied HU | 13,201 (67.4%) |
| Renter Occupied HU | 4,824 (24.6%) |
| Vacant Housing Units | 1,558 ( 8.0%) |
| Median Home Value | $242,759 |
| Average Home Value | $281,363 |
Housing Distribution
Address Breakdown
Residential
18,446
Single Family
17,121
Multi-Family
1,325
Businesses
1,117
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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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Nearby investment properties with comparable prices
