916 E 44th AveGaryIN46409
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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 916 E 44th Ave, Gary, IN, 46409 earns $281/mo cash flow from $1,310/mo rent with a $832/mo payment. Total monthly income totals $1,310/mo, and annual cash flow totals $3,373/yr on $56,322 capital. ROI tracks 25.9% on current figures, and rental yield reads 9.25% at a $169,900 purchase. Equity gained on principal adds $1,096/yr, and 5% annual appreciation supports $46,940 over five years. Five-year ROI reaches 134.85% and total cumulative return in cash sums $75,950. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,310/mo property income instead of your personal income.
Single Family
Built in 1943
6,795 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46409, Gary, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,767 (100%) |
| Owner Occupied HU | 1,367 (36.3%) |
| Renter Occupied HU | 1,212 (32.2%) |
| Vacant Housing Units | 1,188 (31.5%) |
| Median Home Value | $87,976 |
| Average Home Value | $152,610 |
Housing Distribution
Address Breakdown
Residential
2,908
Single Family
2,838
Multi-Family
70
Businesses
198
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Listed by: Jorrdan Orr • McColly Real Estate
Mls Name: NIRA
Mls Provider:
Mls ID: #820597
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.