4501 Grant StGaryIN46408
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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 4501 Grant St, Gary, IN, 46408 offers a 9.42% rental yield on a $124,000 purchase with $973/mo rent. Total monthly income registers $973/mo, and a $607/mo payment leaves $146/mo available for distribution. Annual cash flow reaches $1,747/yr on $41,106 to close, and return on cash invested stands at 24.16% in year one. Equity gained on principal adds $800/yr while 5% annual appreciation supports $34,259 over five years. Portfolio math shows five-year ROI at 126.32% and total cumulative return in cash at $51,927. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $973/mo property income against a $607/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1954
7,361 sqft lot
$N/A/sqft
No HOA
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Listed by: Mackenzie Vandersluis • Listing Leaders Northwest
Mls Name: NIRA
Mls Provider:
Mls ID: #824255
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