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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Investment property for sale in Cedar Lake at 9417 W 142nd Pl, Cedar Lake, IN, 46303 offers a 11.05% rental yield on a $275,000 purchase with $2,532/mo rent. Total monthly income registers $2,532/mo, and a $1,346/mo payment leaves $818/mo available for distribution. Annual cash flow reaches $9,821/yr on $91,163 to close, and return on cash invested stands at 30.68% in year one. Equity gained on principal adds $1,775/yr while 5% annual appreciation supports $75,977 over five years. Portfolio math shows five-year ROI at 160.7% and total cumulative return in cash at $146,495. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,532/mo property income against a $1,346/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1935
7,492 sqft lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 46303, Cedar Lake, IN area.
| 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 |
Residential
7,675
Single Family
7,645
Multi-Family
30
Businesses
302
Date | Event | Price |
|---|---|---|
| 2025-04-11 | Listed for sale | $275,000 |
| 2025-04-11 | Listing removed | $275,000 |
| 2025-03-26 | Pending sale | $275,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-04-14 | $3036.74 | -2.16% | $264,500 | 2.68% |
| 2023-04-14 | $3103.78 | 20.44% | $257,600 | 6.62% |
| 2022-04-14 | $2577.02 | 34.49% | $241,600 | 9.07% |
Listed by: Gina Guarino • McColly Real Estate
Mls Name: NIRA
Mls Provider:
Mls ID: #818966
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.
