4160 Connecticut 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 4160 Connecticut St, Gary, IN, 46409 earns $159/mo cash flow from $816/mo rent with a $514/mo payment. Total monthly income totals $816/mo, and annual cash flow totals $1,907/yr on $34,808 capital. ROI tracks 25.39% on current figures, and rental yield reads 9.33% at a $105,000 purchase. Equity gained on principal adds $678/yr, and 5% annual appreciation supports $29,010 over five years. Five-year ROI reaches 132.32% and total cumulative return in cash sums $46,058. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $816/mo property income instead of your personal income.
Single Family
Built in 1926
3,746 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
Listed by: Valarie Kubacki • Dream Team Agents, LLC
Mls Name: NIRA
Mls Provider:
Mls ID: #810601
Disclaimer: Copyright 2024 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.