9814 W 146th Ave, Cedar Lake, IN, 46303 | $1,413/mo Cash Flow

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9814 W 146th Ave, Cedar Lake, IN, 46303 | $1,413/mo Cash Flow | Ziffy

For Sale

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

Investment property for sale in Cedar Lake at 9814 W 146th Ave, Cedar Lake, IN, 46303 uses $165,419 cash to close to unlock $16,955/yr annual cash flow and $1,413/mo monthly cash flow. Total monthly income runs $4,408/mo, and a $2,442/mo payment keeps the spread at $1,413/mo. Purchase price stands at $499,000, and rental yield measures 10.6% with $4,408/mo rent. Return on cash invested shows 30.16% in year one, and 5% annual appreciation builds toward $137,865 over five years. Five-year ROI reaches 157.55% and total cumulative return in cash records $260,610. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $4,408/mo property income covering a $2,442/mo payment rather than investor’s personal income.

Single Family

Built in 2020

7,840 sqft lot

$N/A/sqft

No HOA

More details about the property

Available NOW! HIGH QUALITY LUXURY HOME, LOADED with HIGH END FEATURES + UPGRADES for a BELOW MARKET PRICE! Premium lot with a spectacular view and NO BACKYARD NEIGHBORS! Open concept living area with 9ft ceilings, gas fireplace and premium engineered hardwood floors. Kitchen has quality soft close cabinets, custom floating shelves, stainless steel farmhouse sink, granite countertops, subway tile backsplash, large island, and upgraded Whirlpool appliances INCLUDED! Bonus main floor 4th bedroom and an adjacent 3/4 bath - ideal for guests or related living! CONVENIENT Home office / flex room with stylish barn door. Main floor laundry too. Owners suite features a big walk-in closet with high-end closet organizers YOU MUST SEE TO APPRECIATE, a spa-like bath with dual sink vanity, tiled shower with frameless glass door, and a separate toilet room. Also upstairs is a massive 16x16 loft / rec room, 2 more bedrooms, plus another full bath! Additional highlights include: covered back patio, 2x6 construction walls, 9ft ceilings on main level, solid wood doors, tall craftsman woodwork and trim, full basement with water softener and whole house water filter, an egress window and plumbing rough-in for future updates, finished and insulated garage, security system, lawn irrigation system and much more! This home is NOT LIKE THE REST - with building materials from Shillings Lumber, you can feel the high quality in every inch of this home. To rebuild this model with this same high end builder, you'd pay 75k-100k more with similar options! Located in the desirable Ledgestone subdivision of Cedar Lake and only 1 mile from the lake! Close to US Rt 41 - great for commuting, shopping and dining! Award winning Hanover Schools! THIS HOME HAS IT ALL - modern comfort and style, ample space, and a picturesque setting. This is a MUST SEE property! Schedule your showing today and make this great house your new home!

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