1300 Arizona 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 1300 Arizona St, Gary, IN, 46403 uses $69,284 cash to close to unlock $5,752/yr annual cash flow and $479/mo monthly cash flow. Total monthly income runs $1,734/mo, and a $1,023/mo payment keeps the spread at $479/mo. Purchase price stands at $209,000, and rental yield measures 9.96% with $1,734/mo rent. Return on cash invested shows 28.21% in year one, and 5% annual appreciation builds toward $57,743 over five years. Five-year ROI reaches 147.19% and total cumulative return in cash records $101,978. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,734/mo property income covering a $1,023/mo payment rather than investor’s personal income.
Single Family
Built in 1958
9,583 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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