846 Stevenson StGaryIN46406
Nearby investment properties with comparable rents
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 846 Stevenson St, Gary, IN, 46406 earns $157/mo cash flow from $827/mo rent with a $513/mo payment. Total monthly income totals $827/mo, and annual cash flow totals $1,887/yr on $34,774 capital. ROI tracks 25.34% on current figures, and rental yield reads 9.46% at a $104,900 purchase. Equity gained on principal adds $677/yr, and 5% annual appreciation supports $28,982 over five years. Five-year ROI reaches 132.32% and total cumulative return in cash sums $46,014. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $827/mo property income instead of your personal income.
Single Family
Built in 1910
4,748 sqft 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Lesley Sweeney • Encore Sotheby's International
Mls Name: NIRA
Mls Provider:
Mls ID: #827873
Disclaimer: Copyright 2025 MuItiple Listing Service of the Northwest Indiana REALTORS Association, Inc. All rights reserved. IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.