1009 W 2nd Ave,Gary,IN,46402

Investment Highlights

Rental property for sale in Gary at 1009 W 2nd Ave, Gary, IN, 46402 generates $1,662/mo in rent and, after a $876/mo payment, leaves $588/mo in cash flow. Total monthly income is $1,662/mo, and annual cash flow is $7,051/yr on $59,339 invested. Return on cash invested sits at 31.79% in year one, and rental yield is 11.14% on a $179,000 entry. Equity gained on principal adds $1,155/yr, while 5% annual appreciation builds toward $49,454 over five years. Five-year ROI reaches 166.34% and total cumulative return in cash sums $98,703. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,662/mo property income rather than buyer’s personal income.