4641 Delaware 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
Rental property for sale in Gary at 4641 Delaware St, Gary, IN, 46409 generates $1,423/mo in rent and, after a $878/mo payment, leaves $346/mo in cash flow. Total monthly income is $1,423/mo, and annual cash flow is $4,154/yr on $59,471 invested. Return on cash invested sits at 26.89% in year one, and rental yield is 9.52% on a $179,400 entry. Equity gained on principal adds $1,158/yr, while 5% annual appreciation builds toward $49,565 over five years. Five-year ROI reaches 140.13% and total cumulative return in cash sums $83,336. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,423/mo property income rather than buyer’s personal income.
Single Family
Built in 1950
6,098 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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