6036 Hemlock AveGaryIN46403
Nearby investment properties with comparable rents
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
Rental property for sale in Gary at 6036 Hemlock Ave, Gary, IN, 46403 offers $1,910/mo rent that, after a $998/mo payment, leaves $686/mo cash flow. Total monthly income is $1,910/mo, and annual cash flow is $8,232/yr on $67,593 cash. Return on cash invested measures 32.09% in year one, and rental yield stands at 11.24% at a $203,900 entry. Equity gained on principal adds $1,316/yr while 5% annual appreciation compounds into $56,334 by year five. Five-year ROI records 167.99% and total cumulative return in cash reaches $113,552. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,910/mo property income versus a $998/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1954
10,149 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46403, Gary, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,395 (100%) |
| Owner Occupied HU | 2,740 (42.8%) |
| Renter Occupied HU | 2,443 (38.2%) |
| Vacant Housing Units | 1,212 (19.0%) |
| Median Home Value | $169,037 |
| Average Home Value | $237,071 |
Housing Distribution
Address Breakdown
Residential
5,555
Single Family
5,028
Multi-Family
527
Businesses
250
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