3222 W 40th PlGaryIN46408
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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 3222 W 40th Pl, Gary, IN, 46408 generates $2,250/mo in rent and, after a $1,252/mo payment, leaves $689/mo in cash flow. Total monthly income is $2,250/mo, and annual cash flow is $8,271/yr on $84,765 invested. Return on cash invested sits at 29.67% in year one, and rental yield is 10.56% on a $255,700 entry. Equity gained on principal adds $1,650/yr, while 5% annual appreciation builds toward $70,645 over five years. Five-year ROI reaches 155.1% and total cumulative return in cash sums $131,471. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,250/mo property income rather than buyer’s personal income.
Single Family
Built in 1953
0.26 Acres lot
$N/A/sqft
No HOA
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Listed by: Estela Lopez • McColly Real Estate
Mls Name: NIRA
Mls Provider:
Mls ID: #812637
Disclaimer: Based on information submitted to the MLS GRID as of 2025-10-30 05:22:43 PDT. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website. [Click here for more information](/mls-disclaimers/#185)