2568 W 13th AveGaryIN46404
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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 2568 W 13th Ave, Gary, IN, 46404 uses $58,841 cash to close to unlock $15,879/yr annual cash flow and $1,323/mo monthly cash flow. Total monthly income runs $2,389/mo, and a $869/mo payment keeps the spread at $1,323/mo. Purchase price stands at $177,500, and rental yield measures 16.15% with $2,389/mo rent. Return on cash invested shows 46.9% in year one, and 5% annual appreciation builds toward $49,040 over five years. Five-year ROI reaches 247.38% and total cumulative return in cash records $145,560. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,389/mo property income covering a $869/mo payment rather than investor’s personal income.
Single Family
Built in 1947
5,880 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46404, Gary, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,655 (100%) |
| Owner Occupied HU | 3,453 (45.1%) |
| Renter Occupied HU | 2,951 (38.5%) |
| Vacant Housing Units | 1,251 (16.3%) |
| Median Home Value | $103,793 |
| Average Home Value | $179,305 |
Housing Distribution
Address Breakdown
Residential
6,554
Single Family
5,900
Multi-Family
654
Businesses
242
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Listed by: Jennifer Skippergosh • New Chapter Real Estate
Mls Name: NIRA
Mls Provider:
Mls ID: #810742
Disclaimer: Based on information submitted to the MLS GRID as of 2025-10-30 05:07:44 PDT. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website. [Click here for more information](/mls-disclaimers/#185)