2309 Buchanan 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
Rental property for sale in Gary at 2309 Buchanan St, Gary, IN, 46407 priced at $155,000 converts $1,400/mo rent into $469/mo cash flow after a $759/mo obligation. Total monthly income equals $1,400/mo, and annual cash flow totals $5,631/yr on $51,383 invested. Return on cash invested prints 30.87% in year one, and rental yield reads 10.84% against a $155,000 entry. Equity gained on principal adds $1,000/yr, while 5% annual appreciation compiles into $42,824 by year five. Five-year ROI reaches 161.46% and total cumulative return in cash sums $82,960. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,400/mo property income covering a $759/mo payment, not borrower’s personal income.
Single Family
Built in 1956
4,268 sqft lot
$N/A/sqft
No HOA
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Nearby investment properties with comparable prices
Listed by: Jessica Markusic • Haven Realty
Mls Name: NIRA
Mls Provider:
Mls ID: #822924
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