649 Wabash 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 649 Wabash Ave, Chesterton, IN, 46304 priced at $262,500 converts $1,829/mo rent into $253/mo cash flow after a $1,285/mo obligation. Total monthly income equals $1,829/mo, and annual cash flow totals $3,037/yr on $87,019 invested. Return on cash invested prints 23.4% in year one, and rental yield reads 8.36% against a $262,500 entry. Equity gained on principal adds $1,694/yr, while 5% annual appreciation compiles into $72,524 by year five. Five-year ROI reaches 121.37% and total cumulative return in cash sums $105,610. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,829/mo property income covering a $1,285/mo payment, not borrower’s personal income.
Single Family
Built in 1931
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: Cheryl Bonin • CHERYL Real Estate Services, L
Mls Name: NIRA
Mls ID: #828273