331 E Ridge RdGaryIN46409
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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
Investment property for sale in Gary at 331 E Ridge Rd, Gary, IN, 46409 with 5% annual appreciation on a $115,000 basis while $878/mo rent supports operations. Total monthly income totals $878/mo and a $563/mo payment preserves $188/mo for cash returns. Annual cash flow comes to $2,250/yr on $38,123 deployed, and return on cash invested reaches 25.81% in year one. Equity gained on principal adds $742/yr, and five-year appreciation sums $31,772 alongside rental yield of 9.16%. Five-year ROI measures 134.34% and total cumulative return in cash totals $51,213.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $878/mo property income versus a $563/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1956
4,966 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46409, Gary, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,767 (100%) |
| Owner Occupied HU | 1,367 (36.3%) |
| Renter Occupied HU | 1,212 (32.2%) |
| Vacant Housing Units | 1,188 (31.5%) |
| Median Home Value | $87,976 |
| Average Home Value | $152,610 |
Housing Distribution
Address Breakdown
Residential
2,908
Single Family
2,838
Multi-Family
70
Businesses
198
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