2049 Monroe Ln,Gary,IN,46407

Investment Highlights

Investment property for sale in Gary at 2049 Monroe Ln, Gary, IN, 46407 offers a 10.24% rental yield on a $190,000 purchase with $1,621/mo rent. Total monthly income registers $1,621/mo, and a $930/mo payment leaves $480/mo available for distribution. Annual cash flow reaches $5,765/yr on $62,985 to close, and return on cash invested stands at 29.06% in year one. Equity gained on principal adds $1,226/yr while 5% annual appreciation supports $52,494 over five years. Portfolio math shows five-year ROI at 151.71% and total cumulative return in cash at $95,556. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,621/mo property income against a $930/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.