314 Roosevelt StGaryIN46404
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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 314 Roosevelt St, Gary, IN, 46404 priced at $165,900 converts $1,639/mo rent into $643/mo cash flow after a $812/mo obligation. Total monthly income equals $1,639/mo, and annual cash flow totals $7,717/yr on $54,996 invested. Return on cash invested prints 33.94% in year one, and rental yield reads 11.86% against a $165,900 entry. Equity gained on principal adds $1,071/yr, while 5% annual appreciation compiles into $45,835 by year five. Five-year ROI reaches 177.93% and total cumulative return in cash sums $97,854. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,639/mo property income covering a $812/mo payment, not borrower’s personal income.
Single Family
Built in 1942
5,488 sqft 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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Listed by: Wesley Thompson • Wesley Thompson Jr., Broker
Mls Name: NIRA
Mls Provider:
Mls ID: #807892
Disclaimer: Copyright 2024 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.