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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Investment property for sale in Chesterton at 509 E Burdick Rd, Chesterton, IN, 46304 listed at $260,000 pairs $1,809/mo rent with a $1,273/mo payment to leave $248/mo cash flow. Total monthly income runs $1,809/mo, and annual cash flow reaches $2,974/yr on $86,190 cash to close. Return on cash invested measures 23.36% in year one, and rental yield registers 8.35% at a $260,000 basis. Equity gained on principal adds $1,678/yr, and annual property appreciation at 5% supports $71,833 by year five. Five-year ROI tracks 121.11% and total cumulative return in cash totals $104,381. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,809/mo property income relative to a $1,273/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1978
2.65 Acres lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 46304, Chesterton, IN area.
| 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 |
Residential
11,590
Single Family
11,019
Multi-Family
571
Businesses
1,010
Date | Event | Price |
|---|---|---|
| 2025-05-28 | Sold | $372,670 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-07-22 | $2120.12 | -8.50% | $281,800 | 1.62% |
| 2023-07-22 | $2317.08 | 18.50% | $277,300 | -2.39% |
| 2022-07-22 | $1955.32 | 14.89% | $284,100 | 11.02% |
Listed by: Valarie Kubacki • Dream Team Agents, LLC
Mls Name: NIRA
Mls Provider:
Mls ID: #824585
Disclaimer: Copyright 2025 MuItiple Listing Service of the Northwest Indiana REALTORS Association, Inc. All rights reserved. IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.
