237 Cessna DrBurns HarborIN46304
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Nearby investment properties with comparable prices
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 Burns Harbor at 237 Cessna Dr, Burns Harbor, IN, 46304 at $394,900 posts ROI 27.51% with $829/mo cash flow from $3,200/mo rent. Total monthly income equals $3,200/mo, and annual cash flow records $9,952/yr on $130,909 to close. Return on cash invested measures 27.51% and rental yield reads 9.72% at the current $394,900. Equity gained on principal adds $2,548/yr, and 5% annual appreciation supports $109,104 by year five. Five-year ROI prints 143.38% and total cumulative return in cash totals $187,703.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $3,200/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 2020
0.25 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: Jasmina Tinoko • New Chapter Real Estate
Mls Name: NIRA
Mls ID: #832504