9435 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 9435 Mill Creek Rd, Cedar Lake, IN, 46303 earns $395/mo cash flow from $2,626/mo rent with a $1,688/mo payment. Total monthly income totals $2,626/mo, and annual cash flow totals $4,737/yr on $114,330 capital. ROI tracks 24.05% on current figures, and rental yield reads 9.14% at a $344,888 purchase. Equity gained on principal adds $2,226/yr, and 5% annual appreciation supports $95,286 over five years. Five-year ROI reaches 125.42% and total cumulative return in cash sums $143,393. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,626/mo property income instead of your personal income.
Multi Family
Built in 2020
5,623 sqft lot
$N/A/sqft
$161 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: Amber Overbey • @properties/Christie's Intl RE
Mls Name: NIRA
Mls Provider:
Mls ID: #822569
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