2249 Taney 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
Rental property for sale in Gary at 2249 Taney Pl, Gary, IN, 46404 priced at $200,000 pairs $1,335/mo rent with $134/mo cash flow after a $979/mo payment. Total monthly income equals $1,335/mo, and annual cash flow comes to $1,612/yr on $66,300 invested. Return on cash invested is 22.34% in year one, and rental yield stands at 8.01% on a $200,000 basis. Equity gained on principal adds $1,291/yr, and 5% annual appreciation accumulates to $55,256 by year five. Five-year ROI measures 115.69% and total cumulative return in cash reaches $76,700. For financing, Ziffy Mortgage’s DSCR program evaluates $1,335/mo property income against a $979/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 2000
9,365 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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Listed by: Stephanie Benton • Realest.com
Mls Name: NIRA
Mls Provider:
Mls ID: #818578
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