80 E Lake St #116LagrangeIN46761
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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 Lagrange at 80 E Lake St #116, Lagrange, IN, 46761 uses $50,388 cash to close to unlock $8,106/yr annual cash flow and $676/mo monthly cash flow. Total monthly income runs $1,588/mo, and a $744/mo payment keeps the spread at $676/mo. Purchase price stands at $152,000, and rental yield measures 12.54% with $1,588/mo rent. Return on cash invested shows 36% in year one, and 5% annual appreciation builds toward $41,995 over five years. Five-year ROI reaches 188.92% and total cumulative return in cash records $95,194. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,588/mo property income covering a $744/mo payment rather than investor’s personal income.
Single Family
Built in 1930
6,098 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46761, Lagrange, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,525 (100%) |
| Owner Occupied HU | 3,229 (71.4%) |
| Renter Occupied HU | 806 (17.8%) |
| Vacant Housing Units | 490 (10.8%) |
| Median Home Value | $277,128 |
| Average Home Value | $348,306 |
Housing Distribution
Address Breakdown
Residential
4,413
Single Family
4,350
Multi-Family
63
Businesses
341
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