Residential Income
New
For Sale
$346,169
3970 Reflection Place, Valparaiso, IN 46385
Residential, Valparaiso, IN
Property Size1,633 SF
Lot Size0.15 Acres
Price / SF$211.98
Days on Market2
Property Features for 3970 Reflection Place
General Information
Property type
Residential
Property subtype
Duplex
Property condition
Under Construction
Bedrooms
2
Bathrooms
2
Full bathrooms
1
Rooms
Bathroom 1, Bedroom 2, Bedroom 1, Bathroom 2, Bonus Room
Parking features
Open, Garage, Driveway
Window features
Aluminum Frames
Patio and Porch features
Patio
Interior features
Entrance Foyer, Walk-In Closet(s), Stone Counters, Recessed Lighting, Pantry, Open Floorplan, Kitchen Island
Exterior features
Rain Gutters
Appliances
Disposal, Stainless Steel Appliance(s), Refrigerator, Microwave, Gas Water Heater, Gas Range, Dishwasher
Subdivision
Westwind
Lot features
Back Yard, Sprinklers In Rear, Sprinklers In Front, Landscaped, Front Yard
Elementary school
Memorial Elementary School
Middle school
Benjamin Franklin Middle School
High school
Valparaiso High School
Elementary school district
Valparaiso
Middle school district
Valparaiso
High school district
Valparaiso
Directions
Take Rt. 30 East to 250W, make a left on 250W and follow through the Rt. 130 intersection. Westwind will be on the right.
Standard status
Active
Size
1,633 SF
Lot size
0.15 Acres
Taxes and HOA fees
Tax Year
2026
Tax Description
Lot 17B in Westwind -Phase 2, as per plat thereof recorded as document number 2024-019653, in the office of the Recorder of Porter County, IN.
HOA Fee
$175 Monthly
Legal Description
Lot 17B in Westwind -Phase 2, as per plat thereof recorded as document number 2024-019653, in the office of the Recorder of Porter County, IN.
Utilities
Utilities
Cable Available
Sewer type
Public Sewer
Heating system
Forced Air
Water source
Public
Building Details
Year built
2026
Floors in Building
1
Listing Agency:
Weichert Realtors - Shoreline
(219) 864-8440
Listed By:
David Schara
(219) 671-4669
Added: Oct 9
Last Checked: Oct 10 at 11:06AM
MLS# 846618
Copyright © 2026 Greater Northwest Indiana Association of REALTORS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
Under construction, this 1,633-square-foot residence is planned with two bedrooms and two bathrooms on a 0.148-acre lot. The kitchen is fitted with an island, pantry, 42-inch cabinets, quartz counters, and stainless steel appliances. A sunroom adjoins the breakfast area, while a separate flex room offers additional interior space. The primary bedroom includes a walk-in closet and an ensuite bathroom with a seated walk-in shower and 60-inch vanity.
The main living areas and flex room are specified with LVP flooring, with ceramic tile in the bathrooms. Additional features include a laundry tub, pull-down attic access, a patio, irrigation, and a two-car garage. Public water and sewer are listed, along with cable availability.
The main living areas and flex room are specified with LVP flooring, with ceramic tile in the bathrooms. Additional features include a laundry tub, pull-down attic access, a patio, irrigation, and a two-car garage. Public water and sewer are listed, along with cable availability.
Key Highlights
- 1,633 square feet on a 0.148‑acre lot
- Under construction; year built listed as 2026
- Two bedrooms and two bathrooms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$12,968
Cap Rate
3.75%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$259,360
$259.4K
Cap Rate 7%
$185,257
$185.3K
Cap Rate 9%
$144,089
$144.1K
Market Conditions
NOI Build-Up for 1,633 SF
Gross rent
$25.1K $15.36/SF
− Vacancy
−$1.5K −$0.92/SF
EGI
$23.6K $14.44/SF
− OpEx
−$10.6K −$6.50/SF
NOI
$13.0K $7.94/SF
Area
Porter County, IN
Vacancy
6.00%
Lease Rate
$15.36 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$259,360
Cap Rate 7%
$185,257
Cap Rate 9%
$144,089
Alternative Uses
Best Use
Apartment 5plus
$185.3K
$162.1K – $216.1K
NOI $12,968 @ 7.0% cap · market cap 3.75%
Second Best
—
—
no second resolved use
Theoretical Best
Healthcare Medical
$618.9K
$541.6K – $722.1K
NOI $43,324 @ 7.0% cap · market cap 12.52%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
31
Businesses Nearby
Explore this area
Business Placement
Demographics for 46385, IN
41,832
Population
16,071
Households
2.6
Avg Household Size
42
Median Age
34%
College-Educated
94%
High-School Grad
80.7 sq mi
ZIP Area
518
Density / Sq Mi
$97,208
Median Household Income
$50,582
Median Earnings
$1,225
Median Rent
$305,400
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Residential income property - The home includes a sunroom, a separate flex room, and an attached two-car garage.
Where is this residential income property located?
The property is located at 3970 Reflection Place Valparaiso, IN.
What is the asking price?
The asking price for this property is $346,169.
What are key features of this property?
This property features: 1,633 square feet on a 0.148‑acre lot; Under construction; year built listed as 2026; Two bedrooms and two bathrooms
