721 W Ridge RdGaryIN46408
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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 721 W Ridge Rd, Gary, IN, 46408 earns $1,111/mo cash flow from $2,398/mo rent with a $1,049/mo payment. Total monthly income totals $2,398/mo, and annual cash flow totals $13,337/yr on $71,074 capital. ROI tracks 38.67% on current figures, and rental yield reads 13.42% at a $214,400 purchase. Equity gained on principal adds $1,383/yr, and 5% annual appreciation supports $59,235 over five years. Five-year ROI reaches 203.27% and total cumulative return in cash sums $144,473. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,398/mo property income instead of your personal income.
Single Family
Built in 1938
6,229 sqft lot
$N/A/sqft
No HOA
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Listed by: Baverly Daniels • B. Daniels Real Estate, LLC
Mls Name: NIRA
Mls Provider:
Mls ID: #813510
Disclaimer: Based on information submitted to the MLS GRID as of 2025-10-30 05:22:43 PDT. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website. [Click here for more information](/mls-disclaimers/#185)