The Driftwood Duplex Plan, Village in Burns HarborBurns HarborIN46304
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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 Burns Harbor at The Driftwood Duplex Plan, Village in Burns Harbor, Burns Harbor, IN, 46304 generates $2,634/mo in rent and, after a $1,463/mo payment, leaves $840/mo in cash flow. Total monthly income is $2,634/mo, and annual cash flow is $10,075/yr on $99,119 invested. Return on cash invested sits at 30.07% in year one, and rental yield is 10.57% on a $299,000 entry. Equity gained on principal adds $1,929/yr, while 5% annual appreciation builds toward $82,608 over five years. Five-year ROI reaches 157.12% and total cumulative return in cash sums $155,734. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,634/mo property income rather than buyer’s personal income.
Multi Family
Built in 2025
N/A 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: N/A • Putman Builders
Mls Name: Putman Builders
Mls ID: #N/A