308 Pierce St, Gary, IN, 46402 | $274/mo Cash Flow

For Sale

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Rental property for sale in Gary at 308 Pierce St, Gary, IN, 46402 offers $1,624/mo rent that, after a $1,101/mo payment, leaves $274/mo cash flow. Total monthly income is $1,624/mo, and annual cash flow is $3,285/yr on $74,554 cash. Return on cash invested measures 24.31% in year one, and rental yield stands at 8.67% at a $224,900 entry. Equity gained on principal adds $1,451/yr while 5% annual appreciation compounds into $62,136 by year five. Five-year ROI records 126.26% and total cumulative return in cash reaches $94,129. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,624/mo property income versus a $1,101/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.

Single Family

Built in 1923

3,746 sqft lot

$N/A/sqft

No HOA