Save Search
Filters Applied
EditEdit Filters
Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
Loading Maps & Overview...
Loading Calculator...
A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Rental property for sale in Gary at 2368 Wheeler St, Gary, IN, 46406 generates $1,691/mo in rent and, after a $881/mo payment, leaves $611/mo in cash flow. Total monthly income is $1,691/mo, and annual cash flow is $7,326/yr on $59,670 invested. Return on cash invested sits at 32.19% in year one, and rental yield is 11.27% on a $180,000 entry. Equity gained on principal adds $1,162/yr, while 5% annual appreciation builds toward $49,731 over five years. Five-year ROI reaches 168.45% and total cumulative return in cash sums $100,517. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,691/mo property income rather than buyer’s personal income.
Single Family
Built in 1949
6,534 sqft lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 46406, Gary, IN area.
| 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 |
Residential
3,554
Single Family
3,327
Multi-Family
227
Businesses
236
Date | Event | Price |
|---|---|---|
| No price history data available | ||
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| No tax history data available | ||||
Listed by: Manuel Hernandez • Simplify Your Move! Realty Inc
Mls Name: NIRA
Mls ID: #827819
