8220 Havenwood PassCedar LakeIN46303
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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
Rental property for sale in Cedar Lake at 8220 Havenwood Pass, Cedar Lake, IN, 46303 priced at $529,900 converts $4,273/mo rent into $1,036/mo cash flow after a $2,594/mo obligation. Total monthly income equals $4,273/mo, and annual cash flow totals $12,430/yr on $174,337 invested. Return on cash invested prints 27.19% in year one, and rental yield reads 9.68% against a $529,900 entry. Equity gained on principal adds $3,419/yr, while 5% annual appreciation compiles into $146,402 by year five. Five-year ROI reaches 141.75% and total cumulative return in cash sums $247,115. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $4,273/mo property income covering a $2,594/mo payment, not borrower’s personal income.
Single Family
Built in 1997
0.35 Acres lot
$N/A/sqft
$400 annually HOA
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 |
Housing Distribution
Address Breakdown
Residential
7,675
Single Family
7,645
Multi-Family
30
Businesses
302
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Listed by: Laura Bayne • American Dream Realty
Mls Name: NIRA
Mls Provider:
Mls ID: #817887
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