2403 Massachusetts 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
Investment property for sale in Gary at 2403 Massachusetts St, Gary, IN, 46407 uses $59,339 cash to close to unlock $3,667/yr annual cash flow and $306/mo monthly cash flow. Total monthly income runs $1,380/mo, and a $876/mo payment keeps the spread at $306/mo. Purchase price stands at $179,000, and rental yield measures 9.25% with $1,380/mo rent. Return on cash invested shows 26.09% in year one, and 5% annual appreciation builds toward $49,454 over five years. Five-year ROI reaches 135.76% and total cumulative return in cash records $80,559. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,380/mo property income covering a $876/mo payment rather than investor’s personal income.
Single Family
Built in 1928
3,136 sqft lot
$N/A/sqft
No HOA
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Nearby investment properties with comparable prices
Listed by: Jakori Flemming • New Chapter Real Estate
Mls Name: NIRA
Mls Provider:
Mls ID: #822357
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