1170 Chesterfield AveBurns HarborIN46304
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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
Rental property for sale in Burns Harbor at 1170 Chesterfield Ave, Burns Harbor, IN, 46304 priced at $384,900 converts $3,348/mo rent into $996/mo cash flow after a $1,884/mo obligation. Total monthly income equals $3,348/mo, and annual cash flow totals $11,957/yr on $127,594 invested. Return on cash invested prints 29.28% in year one, and rental yield reads 10.44% against a $384,900 entry. Equity gained on principal adds $2,484/yr, while 5% annual appreciation compiles into $106,341 by year five. Five-year ROI reaches 153% and total cumulative return in cash sums $195,219. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,348/mo property income covering a $1,884/mo payment, not borrower’s personal income.
Single Family
Built in 2023
7,056 sqft lot
$N/A/sqft
$41 monthly 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: Melanie Yagelski • Coldwell Banker Real Estate Gr
Mls Name: NIRA
Mls Provider:
Mls ID: #818117
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