646 New Hampshire StGaryIN46403
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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 646 New Hampshire St, Gary, IN, 46403 with 5% annual appreciation on a $158,500 basis while $1,244/mo rent supports operations. Total monthly income totals $1,244/mo and a $776/mo payment preserves $292/mo for cash returns. Annual cash flow comes to $3,508/yr on $52,543 deployed, and return on cash invested reaches 26.59% in year one. Equity gained on principal adds $1,023/yr, and five-year appreciation sums $43,791 alongside rental yield of 9.42%. Five-year ROI measures 138.49% and total cumulative return in cash totals $72,767.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,244/mo property income versus a $776/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1957
7,492 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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Listed by: Maria Carmen Becerra • McColly Real Estate
Mls Name: NIRA
Mls Provider:
Mls ID: #822280
Disclaimer: Copyright 2025 MuItiple Listing Service of the Northwest Indiana REALTORS Association, Inc. All rights reserved. IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.