2228 Wisconsin StGaryIN46407
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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 2228 Wisconsin St, Gary, IN, 46407 uses $34,774 cash to close to unlock $2,293/yr annual cash flow and $191/mo monthly cash flow. Total monthly income runs $822/mo, and a $513/mo payment keeps the spread at $191/mo. Purchase price stands at $104,900, and rental yield measures 9.4% with $822/mo rent. Return on cash invested shows 26.5% in year one, and 5% annual appreciation builds toward $28,982 over five years. Five-year ROI reaches 138.12% and total cumulative return in cash records $48,030. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $822/mo property income covering a $513/mo payment rather than investor’s personal income.
Single Family
Built in 1955
5,009 sqft lot
$N/A/sqft
No HOA
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Listed by: Jeff McCormick • McCormick Real Estate, Inc.
Mls Name: NIRA
Mls Provider:
Mls ID: #825690
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