300 Taft StGaryIN46404
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowThe yield at 300 Taft St, Gary, IN, 46404 in Gary speaks for itself: 15.55% gross on a $188,400 price, generating $2,442/mo in rent and $1,311/mo in net income after the $847/mo debt service. DSCR 2.88, a wide margin that supports Ziffy Mortgage's DSCR loan without any personal income check. Annual cash flow of $15,733 stacks alongside $52,051 in projected five-year appreciation and $1,735/yr in principal reduction. Projected total cumulative return: $155,694.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 15.6% | 8.5% |
| Monthly Cash Flow | $1,311 | $450 |
City averages based on Gary market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $2,442 |
| Total Monthly Debt Service | $1,056 |
| DSCR Ratio | 2.31x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in N/A
N/A 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Single Family
Built in N/A
N/A 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices