300 Taft StGaryIN46404
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
Investment Highlights
Rental property for sale in Gary at 300 Taft St, Gary, IN, 46404 offers $2,442/mo rent that, after a $922/mo payment, leaves $1,311/mo cash flow. Total monthly income is $2,442/mo, and annual cash flow is $15,734/yr on $62,455 cash. Return on cash invested measures 45.1% in year one, and rental yield stands at 15.55% at a $188,400 entry. Equity gained on principal adds $1,216/yr while 5% annual appreciation compounds into $52,051 by year five. Five-year ROI records 237.74% and total cumulative return in cash reaches $148,478. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,442/mo property income versus a $922/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
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
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