216 W 1050 NChestertonIN46304
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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 216 W 1050 N, Chesterton, IN, 46304 uses $250,040 cash to close to unlock $1,856/yr annual cash flow and $155/mo monthly cash flow. Total monthly income runs $4,717/mo, and a $3,720/mo payment keeps the spread at $155/mo. Purchase price stands at $759,999, and rental yield measures 7.45% with $4,717/mo rent. Return on cash invested shows 20.8% in year one, and 5% annual appreciation builds toward $209,974 over five years. Five-year ROI reaches 107.35% and total cumulative return in cash records $268,429. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $4,717/mo property income covering a $3,720/mo payment rather than investor’s personal income.
Single Family
Built in 2013
4.05 Acres 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: Alisha Fowler • Seramur Properties, LLC
Mls Name: NIRA
Mls ID: #832715