4561 Virginia 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 4561 Virginia St, Gary, IN, 46409 at $110,000 posts ROI 26.59% with $203/mo cash flow from $863/mo rent. Total monthly income equals $863/mo, and annual cash flow records $2,437/yr on $36,465 to close. Return on cash invested measures 26.59% and rental yield reads 9.41% at the current $110,000. Equity gained on principal adds $710/yr, and 5% annual appreciation supports $30,391 by year five. Five-year ROI prints 138.54% and total cumulative return in cash totals $50,520.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $863/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1928
9,147 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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Listed by: Jeff McCormick • McCormick Real Estate, Inc.
Mls Name: NIRA
Mls Provider:
Mls ID: #811388
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.