308 Hamlin StGaryIN46406
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
Investment property for sale in Gary at 308 Hamlin St, Gary, IN, 46406 at $139,900 posts ROI 25.44% with $214/mo cash flow from $1,054/mo rent. Total monthly income equals $1,054/mo, and annual cash flow records $2,567/yr on $46,377 to close. Return on cash invested measures 25.44% and rental yield reads 9.04% at the current $139,900. Equity gained on principal adds $903/yr, and 5% annual appreciation supports $38,652 by year five. Five-year ROI prints 132.28% and total cumulative return in cash totals $61,347.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $1,054/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1958
5,052 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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Nearby investment properties with comparable prices
Listed by: Rebecca Olson • Listing Leaders Affiliated
Mls Name: NIRA
Mls Provider:
Mls ID: #819067
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.