120 Pine Dr UNIT AChestertonIN46304
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
Investment Highlights
Investment property for sale in Chesterton at 120 Pine Dr UNIT A, Chesterton, IN, 46304 with 5% annual appreciation on a $169,400 basis while $1,860/mo rent supports operations. Total monthly income totals $1,860/mo and a $829/mo payment preserves $843/mo for cash returns. Annual cash flow comes to $10,119/yr on $56,156 deployed, and return on cash invested reaches 37.93% in year one. Equity gained on principal adds $1,093/yr, and five-year appreciation sums $46,802 alongside rental yield of 13.18%. Five-year ROI measures 199.27% and total cumulative return in cash totals $111,901.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,860/mo property income versus a $829/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Condo
Built in 2002
N/A 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Judith Rooney-Davis • Century 21 Circle
Mls Name: NIRA
Mls ID: #827857