2456 Mount 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
Rental property for sale in Gary at 2456 Mount St, Gary, IN, 46406 generates $777/mo in rent and, after a $489/mo payment, leaves $177/mo in cash flow. Total monthly income is $777/mo, and annual cash flow is $2,126/yr on $33,150 invested. Return on cash invested sits at 26.32% in year one, and rental yield is 9.32% on a $100,000 entry. Equity gained on principal adds $645/yr, while 5% annual appreciation builds toward $27,628 over five years. Five-year ROI reaches 137.1% and total cumulative return in cash sums $45,448. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $777/mo property income rather than buyer’s personal income.
Single Family
Built in 1952
3,746 sqft 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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Listed by: Keri Hir • Keri Hir
Mls Name: NIRA
Mls Provider:
Mls ID: #819920
Disclaimer: Copyright 2025 MuItiple Listing Service of the Northwest Indiana REALTORS Association, Inc. All rights reserved. IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.