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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Investment property for sale in Gary at 9426 Oak Ave, Gary, IN, 46403 offers a 59.12% rental yield on a $121,900 purchase with $6,006/mo rent. Total monthly income registers $6,006/mo, and a $597/mo payment leaves $5,126/mo available for distribution. Annual cash flow reaches $61,509/yr on $40,410 to close, and return on cash invested stands at 172.12% in year one. Equity gained on principal adds $787/yr while 5% annual appreciation supports $33,679 over five years. Portfolio math shows five-year ROI at 920.46% and total cumulative return in cash at $371,956. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $6,006/mo property income against a $597/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1936
0.41 Acres lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 46403, Gary, IN area.
| 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 |
Residential
5,555
Single Family
5,028
Multi-Family
527
Businesses
250
Date | Event | Price |
|---|---|---|
| 2025-07-17 | Listing removed | $180,000 |
| 2024-10-09 | Price change | $180,000 |
| 2024-07-22 | Listed for sale | $200,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-10-30 | $2789.10 | -9.88% | $121,900 | -36.21% |
| 2023-10-30 | $3094.90 | -42.05% | $191,100 | 58.20% |
| 2022-10-30 | $5340.48 | -10.97% | $120,800 | -30.97% |
Listed by: N/A • N/A
Mls Name: undefined
Mls ID: #N/A
