800 Garfield 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 800 Garfield St, Gary, IN, 46404 uses $72,731 cash to close to unlock $3,982/yr annual cash flow and $332/mo monthly cash flow. Total monthly income runs $1,649/mo, and a $1,074/mo payment keeps the spread at $332/mo. Purchase price stands at $219,400, and rental yield measures 9.02% with $1,649/mo rent. Return on cash invested shows 25.38% in year one, and 5% annual appreciation builds toward $60,616 over five years. Five-year ROI reaches 131.95% and total cumulative return in cash records $95,967. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,649/mo property income covering a $1,074/mo payment rather than investor’s personal income.
Single Family
Built in 1926
4,791 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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Listed by: Kristina Vega • Better Homes and Gardens Real
Mls Name: NIRA
Mls Provider:
Mls ID: #819196
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