2305 Pierce 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 2305 Pierce St, Gary, IN, 46407 offers a 10% rental yield on a $139,000 purchase with $1,158/mo rent. Total monthly income registers $1,158/mo, and a $680/mo payment leaves $324/mo available for distribution. Annual cash flow reaches $3,887/yr on $46,079 to close, and return on cash invested stands at 28.35% in year one. Equity gained on principal adds $897/yr while 5% annual appreciation supports $38,403 over five years. Portfolio math shows five-year ROI at 147.84% and total cumulative return in cash at $68,120. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,158/mo property income against a $680/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1953
3,136 sqft lot
$N/A/sqft
No HOA
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Listed by: Carson Brand • Listing Leaders
Mls Name: NIRA
Mls Provider:
Mls ID: #818957
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