302 Bowser AveChestertonIN46304
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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 302 Bowser Ave, Chesterton, IN, 46304 priced at $255,000 pairs $2,388/mo rent with $857/mo cash flow after a $1,248/mo payment. Total monthly income equals $2,388/mo, and annual cash flow comes to $10,288/yr on $84,533 invested. Return on cash invested is 32.08% in year one, and rental yield stands at 11.24% on a $255,000 basis. Equity gained on principal adds $1,645/yr, and 5% annual appreciation accumulates to $70,452 by year five. Five-year ROI measures 167.9% and total cumulative return in cash reaches $141,932. For financing, Ziffy Mortgage’s DSCR program evaluates $2,388/mo property income against a $1,248/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1924
8,712 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: Patricia Raffin • McColly Real Estate
Mls Name: NIRA
Mls ID: #828365