4574 Cleveland 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 4574 Cleveland St, Gary, IN, 46408 uses $66,300 cash to close to unlock $14,260/yr annual cash flow and $1,188/mo monthly cash flow. Total monthly income runs $2,389/mo, and a $979/mo payment keeps the spread at $1,188/mo. Purchase price stands at $199,999, and rental yield measures 14.33% with $2,389/mo rent. Return on cash invested shows 41.42% in year one, and 5% annual appreciation builds toward $55,256 over five years. Five-year ROI reaches 217.99% and total cumulative return in cash records $144,524. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,389/mo property income covering a $979/mo payment rather than investor’s personal income.
Single Family
Built in 1929
0.27 Acres lot
$N/A/sqft
No HOA
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Nearby investment properties with comparable prices
Listed by: Alexander Evon • McColly Real Estate
Mls Name: NIRA
Mls Provider:
Mls ID: #822089
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