7641 Locust AveGaryIN46403
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Nearby investment properties with comparable prices
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 7641 Locust Ave, Gary, IN, 46403 at $255,000 posts ROI 28.84% with $629/mo cash flow from $2,234/mo rent. Total monthly income equals $2,234/mo, and annual cash flow records $7,551/yr on $84,533 to close. Return on cash invested measures 28.84% and rental yield reads 10.51% at the current $255,000. Equity gained on principal adds $1,645/yr, and 5% annual appreciation supports $70,452 by year five. Five-year ROI prints 150.92% and total cumulative return in cash totals $127,580.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $2,234/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1954
6,621 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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