4216 W 19th 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 4216 W 19th Plz, Gary, IN, 46404 uses $44,719 cash to close to unlock $3,150/yr annual cash flow and $262/mo monthly cash flow. Total monthly income runs $1,072/mo, and a $660/mo payment keeps the spread at $262/mo. Purchase price stands at $134,900, and rental yield measures 9.54% with $1,072/mo rent. Return on cash invested shows 26.95% in year one, and 5% annual appreciation builds toward $37,270 over five years. Five-year ROI reaches 140.43% and total cumulative return in cash records $62,801. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,072/mo property income covering a $660/mo payment rather than investor’s personal income.
Single Family
Built in 1955
4,617 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: Jaymee Gibson • Brokerworks Group
Mls Name: NIRA
Mls Provider:
Mls ID: #826744
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