1041 N Meridian RdChestertonIN46304
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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 Chesterton at 1041 N Meridian Rd, Chesterton, IN, 46304 earns from $3,295/mo rent with a $2,814/mo payment. Total monthly income totals $3,295/mo. ROI tracks 19.07% on current figures, and rental yield reads 6.88% at a $575,000 purchase. Equity gained on principal adds $3,710/yr, and 5% annual appreciation supports $158,862 over five years. Five-year ROI reaches 98.05% and total cumulative return in cash sums $185,495. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $3,295/mo property income instead of your personal income.
Single Family
Built in 1993
4.89 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46304, Chesterton, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,923 (100%) |
| Owner Occupied HU | 8,700 (73.0%) |
| Renter Occupied HU | 2,581 (21.6%) |
| Vacant Housing Units | 642 ( 5.4%) |
| Median Home Value | $313,394 |
| Average Home Value | $348,036 |
Housing Distribution
Address Breakdown
Residential
11,590
Single Family
11,019
Multi-Family
571
Businesses
1,010
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Listed by: Josh Pavich • McColly Real Estate
Mls Name: NIRA
Mls ID: #827926