2267 Tennessee St,Gary,IN,46407

Investment Highlights

Rental property for sale in Gary at 2267 Tennessee St, Gary, IN, 46407 generates $954/mo in rent and, after a $585/mo payment, leaves $237/mo in cash flow. Total monthly income is $954/mo, and annual cash flow is $2,839/yr on $39,614 invested. Return on cash invested sits at 27.07% in year one, and rental yield is 9.58% on a $119,500 entry. Equity gained on principal adds $771/yr, while 5% annual appreciation builds toward $33,016 over five years. Five-year ROI reaches 141.09% and total cumulative return in cash sums $55,890. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $954/mo property income rather than buyer’s personal income.