735 Burr StGaryIN46406
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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 735 Burr St, Gary, IN, 46406 uses $43,758 cash to close to unlock $2,744/yr annual cash flow and $229/mo monthly cash flow. Total monthly income runs $1,021/mo, and a $646/mo payment keeps the spread at $229/mo. Purchase price stands at $132,000, and rental yield measures 9.28% with $1,021/mo rent. Return on cash invested shows 26.18% in year one, and 5% annual appreciation builds toward $36,469 over five years. Five-year ROI reaches 136.28% and total cumulative return in cash records $59,635. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,021/mo property income covering a $646/mo payment rather than investor’s personal income.
Single Family
Built in 1947
6,100 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46406, Gary, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,314 (100%) |
| Owner Occupied HU | 1,888 (43.8%) |
| Renter Occupied HU | 1,598 (37.0%) |
| Vacant Housing Units | 828 (19.2%) |
| Median Home Value | $74,608 |
| Average Home Value | $115,557 |
Housing Distribution
Address Breakdown
Residential
3,554
Single Family
3,327
Multi-Family
227
Businesses
236
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