9818 W 129th PlCedar LakeIN46303
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeTight but positive: 9818 W 129th Pl, Cedar Lake, IN, 46303 in Cedar Lake at $314,899 earns $2,128/mo in rent and nets $138/mo after the $1,416/mo payment, a 8.11% yield with limited short-term income headroom. The equity story offsets the thin monthly spread: 5% annual appreciation adds $87,001 over five years. Ziffy Mortgage underwrites this on a 1.50 DSCR without U.S. credit history. With $2,900/yr in principal paydown, total projected return reaches $134,437.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 8.1% | 7.0% |
| Monthly Cash Flow | $138 | $500 |
City averages based on Cedar Lake market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $2,128 |
| Total Monthly Debt Service | $1,765 |
| DSCR Ratio | 1.21x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 2016
6,551 sqft lot
$N/A/sqft
No 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Single Family
Built in 2016
6,551 sqft lot
$N/A/sqft
No 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: N/A • N/A
Mls Name: NIRA as distributed by MLS GRID
Mls ID: #835325