2613 Harrison 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
Rental property for sale in Gary at 2613 Harrison St, Gary, IN, 46407 offers $1,812/mo rent that, after a $661/mo payment, leaves $1,001/mo cash flow. Total monthly income is $1,812/mo, and annual cash flow is $12,016/yr on $44,753 cash. Return on cash invested measures 46.76% in year one, and rental yield stands at 16.11% at a $135,000 entry. Equity gained on principal adds $871/yr while 5% annual appreciation compounds into $37,298 by year five. Five-year ROI records 246.64% and total cumulative return in cash reaches $110,377. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,812/mo property income versus a $661/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1925
3,136 sqft lot
$N/A/sqft
No HOA
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Nearby investment properties with comparable prices
Listed by: Michael Hutchins • Century 21 Circle
Mls Name: NIRA
Mls Provider:
Mls ID: #814602
Disclaimer: Based on information submitted to the MLS GRID as of 2025-10-30 05:02:43 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)