911 S 15th StChestertonIN46304
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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
Investment property for sale in Chesterton at 911 S 15th St, Chesterton, IN, 46304 earns $444/mo cash flow from $1,873/mo rent with a $1,165/mo payment. Total monthly income totals $1,873/mo, and annual cash flow totals $5,331/yr on $78,897 capital. ROI tracks 26.67% on current figures, and rental yield reads 9.44% at a $238,000 purchase. Equity gained on principal adds $1,536/yr, and 5% annual appreciation supports $65,755 over five years. Five-year ROI reaches 138.88% and total cumulative return in cash sums $109,570. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,873/mo property income instead of your personal income.
Single Family
Built in 1979
8,015 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: Paul Boyter • McColly Real Estate
Mls Name: NIRA
Mls ID: #827443