1308 E 6th AveGaryIN46402
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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 1308 E 6th Ave, Gary, IN, 46402 earns $201/mo cash flow from $921/mo rent with a $587/mo payment. Total monthly income totals $921/mo, and annual cash flow totals $2,412/yr on $39,780 capital. ROI tracks 25.97% on current figures, and rental yield reads 9.21% at a $120,000 purchase. Equity gained on principal adds $774/yr, and 5% annual appreciation supports $33,154 over five years. Five-year ROI reaches 135.1% and total cumulative return in cash sums $53,743. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $921/mo property income instead of your personal income.
Single Family
Built in 1948
5,270 sqft lot
$N/A/sqft
No HOA
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Nearby investment properties with comparable prices
Listed by: Sara Villicana • Listing Leaders
Mls Name: NIRA
Mls Provider:
Mls ID: #825505
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