6737 Forest AveGaryIN46403
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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 6737 Forest Ave, Gary, IN, 46403 earns $1,348/mo cash flow from $3,299/mo rent with a $1,461/mo payment. Total monthly income totals $3,299/mo, and annual cash flow totals $16,179/yr on $98,953 capital. ROI tracks 36.26% on current figures, and rental yield reads 13.26% at a $298,500 purchase. Equity gained on principal adds $1,926/yr, and 5% annual appreciation supports $82,470 over five years. Five-year ROI reaches 191.01% and total cumulative return in cash sums $189,009. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $3,299/mo property income instead of your personal income.
Single Family
Built in 1952
7,797 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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