701 Arthur StGaryIN46404
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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 701 Arthur St, Gary, IN, 46404 with 5% annual appreciation on a $152,000 basis while $1,206/mo rent supports operations. Total monthly income totals $1,206/mo and a $744/mo payment preserves $294/mo for cash returns. Annual cash flow comes to $3,522/yr on $50,388 deployed, and return on cash invested reaches 26.9% in year one. Equity gained on principal adds $981/yr, and five-year appreciation sums $41,995 alongside rental yield of 9.52%. Five-year ROI measures 140.12% and total cumulative return in cash totals $70,606.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,206/mo property income versus a $744/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1929
3,554 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46404, Gary, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,655 (100%) |
| Owner Occupied HU | 3,453 (45.1%) |
| Renter Occupied HU | 2,951 (38.5%) |
| Vacant Housing Units | 1,251 (16.3%) |
| Median Home Value | $103,793 |
| Average Home Value | $179,305 |
Housing Distribution
Address Breakdown
Residential
6,554
Single Family
5,900
Multi-Family
654
Businesses
242
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