216 Summer Tree DrPorterIN46304
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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
Rental property for sale in Porter at 216 Summer Tree Dr, Porter, IN, 46304 priced at $240,000 converts $2,170/mo rent into $455/mo cash flow after a $1,175/mo obligation. Total monthly income equals $2,170/mo, and annual cash flow totals $5,455/yr on $79,560 invested. Return on cash invested prints 26.77% in year one, and rental yield reads 10.85% against a $240,000 entry. Equity gained on principal adds $1,549/yr, while 5% annual appreciation compiles into $66,308 by year five. Five-year ROI reaches 140.89% and total cumulative return in cash sums $112,094. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,170/mo property income covering a $1,175/mo payment, not borrower’s personal income.
Townhouse
Built in 1999
2,831 sqft lot
$N/A/sqft
$230 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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Listed by: Paul Boyter • McColly Real Estate
Mls Name: NIRA
Mls Provider:
Mls ID: #817839
Disclaimer: Copyright 2025 MuItiple Listing Service of the Northwest Indiana REALTORS Association, Inc. All rights reserved. IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.