4241 Tennessee StGaryIN46409
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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 4241 Tennessee St, Gary, IN, 46409 uses $34,808 cash to close to unlock $2,275/yr annual cash flow and $190/mo monthly cash flow. Total monthly income runs $820/mo, and a $514/mo payment keeps the spread at $190/mo. Purchase price stands at $105,000, and rental yield measures 9.37% with $820/mo rent. Return on cash invested shows 26.45% in year one, and 5% annual appreciation builds toward $29,010 over five years. Five-year ROI reaches 137.7% and total cumulative return in cash records $47,930. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $820/mo property income covering a $514/mo payment rather than investor’s personal income.
Single Family
Built in 1955
6,211 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
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