1240 Ryder 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 1240 Ryder Rd, Chesterton, IN, 46304 offers a 6.44% rental yield on a $1,403,600 purchase with $7,529/mo rent. 57% in year one. Equity gained on principal adds $9,057/yr while 5% annual appreciation supports $387,789 over five years. Portfolio math shows five-year ROI at 90.09% and total cumulative return in cash at $409,714. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $7,529/mo property income against a $6,870/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 2005
0.74 Acres lot
$N/A/sqft
$166 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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