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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Rental property for sale in Chesterton at 1617 Melanie Ln, Chesterton, IN, 46304 priced at $419,900 pairs $1,890/mo rent with after a $2,055/mo payment. Total monthly income equals $1,890/mo. Return on cash invested is 14.47% in year one, and rental yield stands at 5.4% on a $419,900 basis. Equity gained on principal adds $2,710/yr, and 5% annual appreciation accumulates to $116,011 by year five. Five-year ROI measures 73.46% and total cumulative return in cash reaches $102,252. For financing, Ziffy Mortgage’s DSCR program evaluates $1,890/mo property income against a $2,055/mo payment instead of your W2s, 1099s, or Tax returns.
Condo
Built in 2025
N/A lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 46304, Chesterton, IN area.
| 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 |
Residential
11,590
Single Family
11,019
Multi-Family
571
Businesses
1,010
Date | Event | Price |
|---|---|---|
| No price history data available | ||
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| No tax history data available | ||||
Listed by: Stacey Matthys • Brokerworks Group
Mls Name: NIRA
Mls ID: #829714
