9319 Mill Creek RdCedar 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
Investment property for sale in Cedar Lake at 9319 Mill Creek Rd, Cedar Lake, IN, 46303 offers a 10.09% rental yield on a $361,000 purchase with $3,036/mo rent. Total monthly income registers $3,036/mo, and a $1,767/mo payment leaves $470/mo available for distribution. Annual cash flow reaches $5,636/yr on $119,672 to close, and return on cash invested stands at 24.62% in year one. Equity gained on principal adds $2,329/yr while 5% annual appreciation supports $99,738 over five years. Portfolio math shows five-year ROI at 129.3% and total cumulative return in cash at $154,739. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $3,036/mo property income against a $1,767/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 2020
6,250 sqft lot
$N/A/sqft
$164 monthly 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: Heather Bahl • Better Homes and Gardens Real
Mls Name: NIRA
Mls Provider:
Mls ID: #825753
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.