2232 Kentucky St,Gary,IN,46407

Investment Highlights

Investment property for sale in Gary at 2232 Kentucky St, Gary, IN, 46407 offers a 9.27% rental yield on a $124,900 purchase with $965/mo rent. Total monthly income registers $965/mo, and a $611/mo payment leaves $216/mo available for distribution. Annual cash flow reaches $2,587/yr on $41,404 to close, and return on cash invested stands at 26.16% in year one. Equity gained on principal adds $806/yr while 5% annual appreciation supports $34,508 over five years. Portfolio math shows five-year ROI at 136.15% and total cumulative return in cash at $56,374. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $965/mo property income against a $611/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.