1159 Fayette 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 1159 Fayette St, Gary, IN, 46403 uses $36,465 cash to close to unlock $2,173/yr annual cash flow and $181/mo monthly cash flow. Total monthly income runs $841/mo, and a $538/mo payment keeps the spread at $181/mo. Purchase price stands at $110,000, and rental yield measures 9.17% with $841/mo rent. Return on cash invested shows 25.87% in year one, and 5% annual appreciation builds toward $30,391 over five years. Five-year ROI reaches 134.66% and total cumulative return in cash records $49,104. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $841/mo property income covering a $538/mo payment rather than investor’s personal income.
Single Family
Built in 1953
5,009 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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Listed by: Jenifer Anderson • Premier Region Real Estate
Mls Name: NIRA
Mls Provider:
Mls ID: #809783
Disclaimer: Copyright 2024 MuItiple Listing Service of the Northwest Indiana REALTORS Association, Inc. All rights reserved. IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.