8606 W 132nd Pl, Cedar Lake, IN, 46303 | $302/mo Cash Flow

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

Home Type: Single Family

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8606 W 132nd Pl, Cedar Lake, IN, 46303 | $302/mo Cash Flow | Ziffy

For Sale

Ziffy Mortgage

NMLS #2625701

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13950 Nantucket Dr, Cedar Lake, IN, 46303

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 8606 W 132nd Pl, Cedar Lake, IN, 46303 uses $96,102 cash to close to unlock $3,620/yr annual cash flow and $302/mo monthly cash flow. Total monthly income runs $2,042/mo, and a $1,419/mo payment keeps the spread at $302/mo. Purchase price stands at $289,900, and rental yield measures 8.45% with $2,042/mo rent. Return on cash invested shows 23.68% in year one, and 5% annual appreciation builds toward $80,094 over five years. Five-year ROI reaches 122.79% and total cumulative return in cash records $118,005. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,042/mo property income covering a $1,419/mo payment rather than investor’s personal income.

Single Family

Built in 1938

3,571 sqft lot

$N/A/sqft

No HOA

More details about the property

Beautiful, completely updated, 3 bedroom / 2 bathroom ranch with LAKE VIEW! This Cedar Lake cutie is great for a 1st home, downsizing, summer home, or income property/rental. No HOA! The large kitchen is the show-stopper of the home with all SS appliances included, plenty of beautiful white cabinetry showcasing trendy gold hardware, ceramic backsplash, quartz countertops & modern light fixtures to accent the design. The dining area has plenty of windows to show off the lake view! The cozy living room has a Pinterest-worthy accent wall and feels very inviting. The primary bedroom has an en-suite half bath. The other 2 bedrooms are generous sized with ample closet space. The washer/dryer combo and all kitchen appliances are included. All mechanicals are two years old and roof is one year old. Cedar Lake is an all-sports 800+ acre lake. Conveniently located within close proximity to shopping, amenities, restaurants and entertainment. Located within the award winning Hanover community school system. Lots of bang for your buck here. Nothing to do but move right in! Schedule a viewing today!

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