2374 Madison St,Gary,IN,46407

Investment Highlights

Rental property for sale in Gary at 2374 Madison St, Gary, IN, 46407 generates $1,844/mo in rent and, after a $636/mo payment, leaves $1,064/mo in cash flow. Total monthly income is $1,844/mo, and annual cash flow is $12,767/yr on $43,095 invested. Return on cash invested sits at 49.53% in year one, and rental yield is 17.02% on a $130,000 entry. Equity gained on principal adds $839/yr, while 5% annual appreciation builds toward $35,917 over five years. Five-year ROI reaches 261.45% and total cumulative return in cash sums $112,671. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,844/mo property income rather than buyer’s personal income.