2321 Burr StGaryIN46406
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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 2321 Burr St, Gary, IN, 46406 earns $113/mo cash flow from $1,523/mo rent with a $1,150/mo payment. Total monthly income totals $1,523/mo, and annual cash flow totals $1,350/yr on $77,903 capital. ROI tracks 21.64% on current figures, and rental yield reads 7.78% at a $235,000 purchase. Equity gained on principal adds $1,516/yr, and 5% annual appreciation supports $64,926 over five years. Five-year ROI reaches 111.91% and total cumulative return in cash sums $87,184. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,523/mo property income instead of your personal income.
Single Family
Built in 1947
0.57 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46406, Gary, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,314 (100%) |
| Owner Occupied HU | 1,888 (43.8%) |
| Renter Occupied HU | 1,598 (37.0%) |
| Vacant Housing Units | 828 (19.2%) |
| Median Home Value | $74,608 |
| Average Home Value | $115,557 |
Housing Distribution
Address Breakdown
Residential
3,554
Single Family
3,327
Multi-Family
227
Businesses
236
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