1301 Pennsylvania StGaryIN46407
INVESTMENT ANALYSIS
Investment Verdict
Appreciation PlayInvestors who prioritise long-run asset value over immediate income should consider 1301 Pennsylvania St, Gary, IN, 46407 in Gary. Rental yield 3.78%. At $400,000 with 3.78% gross yield, current distributions are modest, but the 5% appreciation rate projects $110,513 in new equity by year five, complemented by $3,353/yr in principal paydown. Ziffy Mortgage's DSCR loan (0.66) allows non-U.S. residents to acquire without W-2s or domestic credit. Total projected five-year cumulative return: $70,424.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 3.8% | 8.5% |
| Monthly Cash Flow | $(1,141) | $450 |
City averages based on Gary market data in our database. Property projections are estimates.
DSCR Rental Loan Qualification
Qualifies using the property's rental income, not your personal income.
- ✓No W-2, pay stubs, or tax returns needed
- ✓Rental income qualifies you
- ✓Built for real estate investors
| Monthly Rental Income | $1,260 |
| Total Monthly Debt Service | $2,340 |
| DSCR Ratio | 0.54x |
Ziffy Mortgage typically prefers a DSCR of 1.0+, but in some cases you may qualify with a DSCR below 1. To explore if this deal qualifies for an investment mortgage, book time with your loan officer →
Estimates assume 6.5% rate / 30-yr fixed, 25% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Multi Family
Built in 1927
3,484 sqft lot
$N/A/sqft
No HOA
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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
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