604 Louisiana 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
Investment property for sale in Gary at 604 Louisiana St, Gary, IN, 46402 offers a 9.53% rental yield on a $112,900 purchase with $897/mo rent. Total monthly income registers $897/mo, and a $553/mo payment leaves $219/mo available for distribution. Annual cash flow reaches $2,626/yr on $37,426 to close, and return on cash invested stands at 26.93% in year one. Equity gained on principal adds $729/yr while 5% annual appreciation supports $31,192 over five years. Portfolio math shows five-year ROI at 140.24% and total cumulative return in cash at $52,486. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $897/mo property income against a $553/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1947
5,009 sqft lot
$N/A/sqft
No HOA
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Nearby investment properties with comparable prices
Listed by: Joshua VanDyke • Ellsbury Commercial Group LLC
Mls Name: NIRA
Mls Provider:
Mls ID: #813101
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