2321 Redwood LnChestertonIN46304
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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 Chesterton at 2321 Redwood Ln, Chesterton, IN, 46304 priced at $696,655 converts $3,982/mo rent into after a $3,410/mo obligation. Total monthly income equals $3,982/mo. Return on cash invested prints 18.93% in year one, and rental yield reads 6.86% against a $696,655 entry. Equity gained on principal adds $4,495/yr, while 5% annual appreciation compiles into $192,473 by year five. Five-year ROI reaches 97.33% and total cumulative return in cash sums $223,077. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,982/mo property income covering a $3,410/mo payment, not borrower’s personal income.
Single Family
Built in 2025
10,715 sqft lot
$N/A/sqft
$200 annually 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: Theresa Casillas • Better Homes and Gardens Real
Mls Name: NIRA
Mls Provider:
Mls ID: #817016
Disclaimer: Based on information submitted to the MLS GRID as of 2025-10-28 23:27:59 PDT. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website. [Click here for more information](/mls-disclaimers/#185)