412 Hayes StGaryIN46404
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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 412 Hayes St, Gary, IN, 46404 uses $59,637 cash to close to unlock $6,967/yr annual cash flow and $581/mo monthly cash flow. Total monthly income runs $1,661/mo, and a $881/mo payment keeps the spread at $581/mo. Purchase price stands at $179,900, and rental yield measures 11.08% with $1,661/mo rent. Return on cash invested shows 31.59% in year one, and 5% annual appreciation builds toward $49,703 over five years. Five-year ROI reaches 165.28% and total cumulative return in cash records $98,565. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,661/mo property income covering a $881/mo payment rather than investor’s personal income.
Single Family
Built in 1924
5,009 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: Angela Manning • Integrity Realty Partners
Mls Name: NIRA
Mls Provider:
Mls ID: #823615
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