3516 Carolina StGaryIN46409
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 3516 Carolina St, Gary, IN, 46409 earns $175/mo cash flow from $865/mo rent with a $563/mo payment. Total monthly income totals $865/mo, and annual cash flow totals $2,094/yr on $38,122 capital. ROI tracks 25.4% on current figures, and rental yield reads 9.03% at a $114,999 purchase. Equity gained on principal adds $742/yr, and 5% annual appreciation supports $31,772 over five years. Five-year ROI reaches 132.14% and total cumulative return in cash sums $50,373. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $865/mo property income instead of your personal income.
Single Family
Built in 1925
3,136 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices