710 Idlewild LnChestertonIN46304
INVESTMENT ANALYSIS
Investment Verdict
Steady Equity BuilderThe 7.21% yield at 710 Idlewild Ln, Chesterton, IN, 46304 in Chesterton is solid, but the $2,963/mo payment compresses net cash flow to $3/mo at $659,000. This is a tight-spread property, income covers debt, with little cushion. For investors who can optimise occupancy, the upside is real: 5% annual appreciation adds $182,070 by year five, and $6,069/yr in loan paydown builds equity. Ziffy Mortgage qualifies this via DSCR (1.34) without U.S. income documentation. Total projected return: $249,578.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 7.2% | 7.5% |
| Monthly Cash Flow | $3 | $1,500 |
City averages based on Chesterton market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $3,959 |
| Total Monthly Debt Service | $3,694 |
| DSCR Ratio | 1.07x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 2025
0.34 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
Nearby investment properties with comparable rents
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
Single Family
Built in 2025
0.34 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Theresa Casillas • Better Homes and Gardens Real
Mls Name: NIRA
Mls ID: #827199