553 W 19th Ave, Gary, IN, 46407 | $209/mo Cash Flow

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Home Type: Single Family

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553 W 19th Ave, Gary, IN, 46407 | $209/mo Cash Flow | Ziffy

For Sale

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Rental property for sale in Gary at 553 W 19th Ave, Gary, IN, 46407 generates $944/mo in rent and, after a $599/mo payment, leaves $209/mo in cash flow. Total monthly income is $944/mo, and annual cash flow is $2,512/yr on $40,576 invested. Return on cash invested sits at 26.1% in year one, and rental yield is 9.25% on a $122,400 entry. Equity gained on principal adds $790/yr, while 5% annual appreciation builds toward $33,817 over five years. Five-year ROI reaches 135.88% and total cumulative return in cash sums $55,133. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $944/mo property income rather than buyer’s personal income.

Single Family

Built in 1951

4,486 sqft lot

$N/A/sqft

No HOA

More details about the property

This beautifully updated 2-bedroom, 1-full bath home with a fully finished basement is perfect for a first time buyer, savvy investor, or anyone looking to downsize. Step into a spacious living room with fresh modern vinyl flooring throughout the main level, leading to a stylish upgraded kitchen and two generously sized bedrooms and a full bathroomDownstairs, the finished basement offers even more living space perfect for entertaining, washer/dryer hookups, and plenty of storage. Enjoy peace of mind with major updates completed in 2025: new electrical panel & wiring, furnace, hot water tank, and hardwired CO & smoke detectors. Parking is easy with a large backyard that's ready for your vision.Don't miss this cozy, move-in ready gem! Schedule your showing today!