1005-09 Garfield StGaryIN46404
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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 Gary at 1005-09 Garfield St, Gary, IN, 46404 earns $841/mo cash flow from $1,975/mo rent with a $925/mo payment. Total monthly income totals $1,975/mo, and annual cash flow totals $10,086/yr on $62,654 capital. ROI tracks 36.01% on current figures, and rental yield reads 12.54% at a $189,000 purchase. Equity gained on principal adds $1,220/yr, and 5% annual appreciation supports $52,217 over five years. Five-year ROI reaches 188.96% and total cumulative return in cash sums $118,390. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,975/mo property income instead of your personal income.
Multi Family
Built in 1924
3,746 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46404, Gary, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,655 (100%) |
| Owner Occupied HU | 3,453 (45.1%) |
| Renter Occupied HU | 2,951 (38.5%) |
| Vacant Housing Units | 1,251 (16.3%) |
| Median Home Value | $103,793 |
| Average Home Value | $179,305 |
Housing Distribution
Address Breakdown
Residential
6,554
Single Family
5,900
Multi-Family
654
Businesses
242
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