1140 N Shelby StGaryIN46403
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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 1140 N Shelby St, Gary, IN, 46403 uses $116,025 cash to close to unlock $1,885/yr annual cash flow and $157/mo monthly cash flow. Total monthly income runs $2,258/mo, and a $1,713/mo payment keeps the spread at $157/mo. Purchase price stands at $350,000, and rental yield measures 7.74% with $2,258/mo rent. Return on cash invested shows 21.53% in year one, and 5% annual appreciation builds toward $96,699 over five years. Five-year ROI reaches 111.34% and total cumulative return in cash records $129,182. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,258/mo property income covering a $1,713/mo payment rather than investor’s personal income.
Single Family
Built in 1939
5,880 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46403, Gary, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,395 (100%) |
| Owner Occupied HU | 2,740 (42.8%) |
| Renter Occupied HU | 2,443 (38.2%) |
| Vacant Housing Units | 1,212 (19.0%) |
| Median Home Value | $169,037 |
| Average Home Value | $237,071 |
Housing Distribution
Address Breakdown
Residential
5,555
Single Family
5,028
Multi-Family
527
Businesses
250
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