304 E Jackson RdChestertonIN46304
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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
Rental property for sale in Chesterton at 304 E Jackson Rd, Chesterton, IN, 46304 offers $786/mo rent that, after a $504/mo payment, leaves $168/mo cash flow. Total monthly income is $786/mo, and annual cash flow is $2,014/yr on $34,145 cash. Return on cash invested measures 25.81% in year one, and rental yield stands at 9.16% at a $103,000 entry. Equity gained on principal adds $665/yr while 5% annual appreciation compounds into $28,457 by year five. Five-year ROI records 134.25% and total cumulative return in cash reaches $45,838. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $786/mo property income versus a $504/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1948
0.45 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: Michelle Gilbertsen • McColly Real Estate
Mls Name: NIRA
Mls ID: #831957