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
Investment property for sale in Burns Harbor at The Driftwood Duplex Plan, Village in Burns Harbor, Burns Harbor, IN, 46304 uses $99,119 cash to close to unlock $6,715/yr annual cash flow and $560/mo monthly cash flow. Total monthly income runs $2,354/mo, and a $1,463/mo payment keeps the spread at $560/mo. Purchase price stands at $299,000, and rental yield measures 9.45% with $2,354/mo rent. Return on cash invested shows 26.68% in year one, and 5% annual appreciation builds toward $82,608 over five years. Five-year ROI reaches 138.93% and total cumulative return in cash records $137,710. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,354/mo property income covering a $1,463/mo payment rather than investor’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