4216 E 13th AveGaryIN46403
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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
Rental property for sale in Gary at 4216 E 13th Ave, Gary, IN, 46403 generates $1,203/mo in rent and, after a $742/mo payment, leaves $293/mo in cash flow. Total monthly income is $1,203/mo, and annual cash flow is $3,517/yr on $50,222 invested. Return on cash invested sits at 26.91% in year one, and rental yield is 9.53% on a $151,500 entry. Equity gained on principal adds $978/yr, while 5% annual appreciation builds toward $41,857 over five years. Five-year ROI reaches 140.25% and total cumulative return in cash sums $70,437. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,203/mo property income rather than buyer’s personal income.
Single Family
Built in 1956
6,490 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46403, Gary, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,395 (100%) |
| Owner Occupied HU | 2,740 (42.8%) |
| Renter Occupied HU | 2,443 (38.2%) |
| Vacant Housing Units | 1,212 (19.0%) |
| Median Home Value | $169,037 |
| Average Home Value | $237,071 |
Housing Distribution
Address Breakdown
Residential
5,555
Single Family
5,028
Multi-Family
527
Businesses
250
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