4050 W 22nd PlzGaryIN46404
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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 4050 W 22nd Plz, Gary, IN, 46404 offers a 9.17% rental yield on a $129,900 purchase with $993/mo rent. Total monthly income registers $993/mo, and a $636/mo payment leaves $213/mo available for distribution. Annual cash flow reaches $2,556/yr on $43,062 to close, and return on cash invested stands at 25.85% in year one. Equity gained on principal adds $838/yr while 5% annual appreciation supports $35,889 over five years. Portfolio math shows five-year ROI at 134.56% and total cumulative return in cash at $57,943. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $993/mo property income against a $636/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1956
7,100 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: Laurene Lemanski • Briar Executive Realty
Mls Name: NIRA
Mls Provider:
Mls ID: #817252
Disclaimer: Copyright 2025 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.