2345 Ranburn DrGaryIN46408
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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 2345 Ranburn Dr, Gary, IN, 46408 listed at $270,000 pairs $1,808/mo rent with a $1,322/mo payment to leave $187/mo cash flow. Total monthly income runs $1,808/mo, and annual cash flow reaches $2,241/yr on $89,505 cash to close. Return on cash invested measures 22.41% in year one, and rental yield registers 8.04% at a $270,000 basis. Equity gained on principal adds $1,742/yr, and annual property appreciation at 5% supports $74,596 by year five. Five-year ROI tracks 116.04% and total cumulative return in cash totals $103,861. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,808/mo property income relative to a $1,322/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1948
0.46 Acres lot
$N/A/sqft
No HOA
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Listed by: Eric Griffin • Griffin Realty, LLC
Mls Name: NIRA
Mls Provider:
Mls ID: #826997
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