550 King StGaryIN46406
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Nearby investment properties with comparable prices
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 550 King St, Gary, IN, 46406 offers a 9.47% rental yield on a $149,900 purchase with $1,183/mo rent. Total monthly income registers $1,183/mo, and a $734/mo payment leaves $283/mo available for distribution. Annual cash flow reaches $3,394/yr on $49,692 to close, and return on cash invested stands at 26.74% in year one. Equity gained on principal adds $967/yr while 5% annual appreciation supports $41,415 over five years. Portfolio math shows five-year ROI at 139.24% and total cumulative return in cash at $69,191. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,183/mo property income against a $734/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1958
4,878 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46406, Gary, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,314 (100%) |
| Owner Occupied HU | 1,888 (43.8%) |
| Renter Occupied HU | 1,598 (37.0%) |
| Vacant Housing Units | 828 (19.2%) |
| Median Home Value | $74,608 |
| Average Home Value | $115,557 |
Housing Distribution
Address Breakdown
Residential
3,554
Single Family
3,327
Multi-Family
227
Businesses
236
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Listed by: Candice Wright • Wright Choice Realty
Mls Name: NIRA
Mls Provider:
Mls ID: #826454
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