1907 W 4th PlGaryIN46404
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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 1907 W 4th Pl, Gary, IN, 46404 uses $39,747 cash to close to unlock $2,149/yr annual cash flow and $179/mo monthly cash flow. Total monthly income runs $899/mo, and a $587/mo payment keeps the spread at $179/mo. Purchase price stands at $119,900, and rental yield measures 9% with $899/mo rent. Return on cash invested shows 25.32% in year one, and 5% annual appreciation builds toward $33,126 over five years. Five-year ROI reaches 131.72% and total cumulative return in cash records $52,356. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $899/mo property income covering a $587/mo payment rather than investor’s personal income.
Single Family
Built in 1929
6,098 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46404, Gary, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,655 (100%) |
| Owner Occupied HU | 3,453 (45.1%) |
| Renter Occupied HU | 2,951 (38.5%) |
| Vacant Housing Units | 1,251 (16.3%) |
| Median Home Value | $103,793 |
| Average Home Value | $179,305 |
Housing Distribution
Address Breakdown
Residential
6,554
Single Family
5,900
Multi-Family
654
Businesses
242
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