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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% |
Rental property for sale in Crown Point at 961 Cedar Dr, Crown Point, IN, 46307 generates $2,044/mo in rent and, after a $1,125/mo payment, leaves $489/mo in cash flow. Total monthly income is $2,044/mo, and annual cash flow is $5,870/yr on $76,212 invested. Return on cash invested sits at 27.61% in year one, and rental yield is 10.67% on a $229,900 entry. Equity gained on principal adds $1,484/yr, while 5% annual appreciation builds toward $63,517 over five years. Five-year ROI reaches 144.97% and total cumulative return in cash sums $110,483. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,044/mo property income rather than buyer’s personal income.
Condo
Built in 1998
N/A lot
$N/A/sqft
$175 monthly HOA
Neighborhood data shown for ZIP Code: 46307, Crown Point, IN area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 28,493 (100%) |
| Owner Occupied HU | 23,758 (83.4%) |
| Renter Occupied HU | 3,580 (12.6%) |
| Vacant Housing Units | 1,155 ( 4.1%) |
| Median Home Value | $328,229 |
| Average Home Value | $358,457 |
Residential
27,816
Single Family
25,807
Multi-Family
2,009
Businesses
1,450
Date | Event | Price |
|---|---|---|
| 2025-04-10 | Listed for sale | $229,900 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-04-11 | $1820.92 | -2.98% | $204,600 | 14.62% |
| 2023-04-11 | $1876.84 | 29.40% | $178,500 | 4.32% |
| 2022-04-11 | $1450.44 | 17.35% | $171,100 | 16.87% |
Listed by: Joseph Rogowski • McColly Real Estate
Mls Name: NIRA
Mls Provider:
Mls ID: #818827
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.
