576 Dallas StGaryIN46406
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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 576 Dallas St, Gary, IN, 46406 priced at $120,000 pairs $954/mo rent with $234/mo cash flow after a $587/mo payment. Total monthly income equals $954/mo, and annual cash flow comes to $2,808/yr on $39,780 invested. Return on cash invested is 26.97% in year one, and rental yield stands at 9.54% on a $120,000 basis. Equity gained on principal adds $774/yr, and 5% annual appreciation accumulates to $33,154 by year five. Five-year ROI measures 140.44% and total cumulative return in cash reaches $55,867. For financing, Ziffy Mortgage’s DSCR program evaluates $954/mo property income against a $587/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1966
7,318 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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