556 Lincoln StGaryIN46402
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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 556 Lincoln St, Gary, IN, 46402 offers $1,474/mo rent that, after a $1,077/mo payment. Total monthly income is $1,474/mo. Return on cash invested measures 19.1% in year one, and rental yield stands at 8.04% at a $220,000 entry. Equity gained on principal adds $1,420/yr while 5% annual appreciation compounds into $60,782 by year five. Five-year ROI records 99.46% and total cumulative return in cash reaches $72,539. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,474/mo property income versus a $1,077/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1928
6,229 sqft lot
$N/A/sqft
No HOA
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Nearby investment properties with comparable prices
Listed by: Krystal Williams • @properties/Christie's Intl RE
Mls Name: NIRA
Mls Provider:
Mls ID: #824677
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