200 Summertree DrChestertonIN46304
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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 200 Summertree Dr, Chesterton, IN, 46304 with 5% annual appreciation on a $245,000 basis while $2,218/mo rent supports operations. Total monthly income totals $2,218/mo and a $1,199/mo payment preserves $747/mo for cash returns. Annual cash flow comes to $8,970/yr on $81,218 deployed, and return on cash invested reaches 30.95% in year one. Equity gained on principal adds $1,581/yr, and five-year appreciation sums $67,689 alongside rental yield of 10.86%. Five-year ROI measures 161.85% and total cumulative return in cash totals $131,448.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $2,218/mo property income versus a $1,199/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Townhouse
Built in 1998
1,524 sqft 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
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Listed by: Kylee Caudle • @properties/Christie's Intl RE
Mls Name: NIRA
Mls ID: #832428