1915 David Dr, Chesterton, IN, 46304 | $614/mo Cash Flow

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

Home Type: Single Family

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1915 David Dr, Chesterton, IN, 46304 | $614/mo Cash Flow | Ziffy

For Sale

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Investment property for sale in Chesterton at 1915 David Dr, Chesterton, IN, 46304 uses $70,444 cash to close to unlock $7,374/yr annual cash flow and $614/mo monthly cash flow. Total monthly income runs $1,890/mo, and a $1,040/mo payment keeps the spread at $614/mo. Purchase price stands at $212,500, and rental yield measures 10.67% with $1,890/mo rent. Return on cash invested shows 30.38% in year one, and 5% annual appreciation builds toward $58,710 over five years. Five-year ROI reaches 158.76% and total cumulative return in cash records $111,836. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,890/mo property income covering a $1,040/mo payment rather than investor’s personal income.

Condo

Built in 1979

N/A lot

$N/A/sqft

No HOA

More details about the property

Carefree living condo, ready for you! Step into this beautifully updated 3 bedroom 1 3/4 bath upstairs flat with one car garage. Over 1300 ft., this space provides you the ample accommodations and the room to move about. HOA/condo fees pay for water, sewer, trash/scavenger, common area, maintenance, and exterior maintenance. Currently there's a special assessment as part of the fee listed that would fall off in a few years. Ring doorbell, and Smart nest thermostat to stay. Enjoy the outdoor space of a brand new extended deck for some outdoor living enjoyment. Fireplace is sold as is Sellers never used but understand it needs work. Furnace and water heater were brand new in 2022. AC condenser was brand new in 2019 And you'll receive another bonus and that the washer and dryer stay! Primary bedroom features, a large closet and a three-quarter en suite bath with tile shower. So much to love, plus the ability to escape without worrying about maintenance while you travel. Schedule your viewing today to tour this great opportunity.

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