345 W 47th Ave, Gary, IN, 46408 | $281/mo Cash Flow

For Sale

Listed for sale 1 day ago

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 345 W 47th Ave, Gary, IN, 46408 generates $1,241/mo in rent and, after a $783/mo payment, leaves $281/mo in cash flow. Total monthly income is $1,241/mo, and annual cash flow is $3,368/yr on $53,040 invested. Return on cash invested sits at 26.26% in year one, and rental yield is 9.31% on a $160,000 entry. Equity gained on principal adds $1,032/yr, while 5% annual appreciation builds toward $44,205 over five years. Five-year ROI reaches 136.65% and total cumulative return in cash sums $72,482. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,241/mo property income rather than buyer’s personal income.

Single Family

Built in 1951

0.35 Acres lot

$N/A/sqft

No HOA