1179 Harbor Way #170Burns 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
Investment property for sale in Burns Harbor at 1179 Harbor Way #170, Burns Harbor, IN, 46304 earns $739/mo cash flow from $2,580/mo rent with a $1,468/mo payment. Total monthly income totals $2,580/mo, and annual cash flow totals $8,863/yr on $99,417 capital. ROI tracks 28.82% on current figures, and rental yield reads 10.32% at a $299,900 purchase. Equity gained on principal adds $1,935/yr, and 5% annual appreciation supports $82,857 over five years. Five-year ROI reaches 150.59% and total cumulative return in cash sums $149,716. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,580/mo property income instead of your personal income.
Multi Family
Built in 2025
3,497 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: Lisa Gaff • White Hat Realty Group, LLC
Mls Name: NIRA
Mls Provider:
Mls ID: #818323
Disclaimer: Copyright 2025 MuItiple Listing Service of the Northwest Indiana REALTORS Association, Inc. All rights reserved. IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.