1005 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
Rental property for sale in Gary at 1005 Garfield St, Gary, IN, 46404 generates $1,377/mo in rent and, after a $661/mo payment, leaves $566/mo in cash flow. Total monthly income is $1,377/mo, and annual cash flow is $6,796/yr on $44,753 invested. Return on cash invested sits at 35.1% in year one, and rental yield is 12.24% on a $135,000 entry. Equity gained on principal adds $871/yr, while 5% annual appreciation builds toward $37,298 over five years. Five-year ROI reaches 184.11% and total cumulative return in cash sums $82,393. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,377/mo property income rather than buyer’s 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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