934 E 28th Ave, Lake Station, IN, 46405 | $847/mo Cash Flow

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Ziffy Mortgage

NMLS #2625701

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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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Investment Highlights

Rental property for sale in Lake Station at 934 E 28th Ave, Lake Station, IN, 46405 generates $2,282/mo in rent and, after a $1,170/mo payment, leaves $847/mo in cash flow. Total monthly income is $2,282/mo, and annual cash flow is $10,165/yr on $79,229 invested. Return on cash invested sits at 32.74% in year one, and rental yield is 11.46% on a $239,000 entry. Equity gained on principal adds $1,542/yr, while 5% annual appreciation builds toward $66,031 over five years. Five-year ROI reaches 171.47% and total cumulative return in cash sums $135,852. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,282/mo property income rather than buyer’s personal income.

Single Family

Built in 1953

7,056 sqft lot

$N/A/sqft

No HOA