1297 W 17th AveGaryIN46407
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowThe yield at 1297 W 17th Ave, Gary, IN, 46407 in Gary speaks for itself: 11.41% gross on a $191,500 price, generating $1,822/mo in rent and $672/mo in net income after the $861/mo debt service. DSCR 2.12, a wide margin that supports Ziffy Mortgage's DSCR loan without any personal income check. Annual cash flow of $8,065 stacks alongside $52,908 in projected five-year appreciation and $1,764/yr in principal reduction. Projected total cumulative return: $115,756.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 11.4% | 8.5% |
| Monthly Cash Flow | $672 | $450 |
City averages based on Gary market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,822 |
| Total Monthly Debt Service | $1,073 |
| DSCR Ratio | 1.70x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 1949
3,136 sqft lot
$N/A/sqft
No HOA
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Single Family
Built in 1949
3,136 sqft lot
$N/A/sqft
No HOA
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices