1420 W 47th Ave,Gary,IN,46408

Investment Highlights

Investment property for sale in Gary at 1420 W 47th Ave, Gary, IN, 46408 listed at $229,500 pairs $2,202/mo rent with a $1,123/mo payment to leave $825/mo cash flow. Total monthly income runs $2,202/mo, and annual cash flow reaches $9,896/yr on $76,079 cash to close. Return on cash invested measures 32.92% in year one, and rental yield registers 11.51% at a $229,500 basis. Equity gained on principal adds $1,481/yr, and annual property appreciation at 5% supports $63,407 by year five. Five-year ROI tracks 172.36% and total cumulative return in cash totals $131,130. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,202/mo property income relative to a $1,123/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).