1241 W 17th Ave, Gary, IN 46407

9 bd · 3 ba · 3,528 sqft · built 1925 · Gary · MULTI_FAMILY·source listing ↗

$70,000

$75,000 first listed

seller intel

Price cut

−6.7%

from $75,000

Motivation score

35/100

OnePercent model (vv1)$1,907/mo

p10–p90 confidence band

HUD Fair Market Rent · 46407 · 9BR—

Area comps median (last 90d)—

FMR from HUD SAFMR FY2026. Never a naked estimate.

County

Lake

Flood risk indexRelatively Low FEMA NRI

Median household income$28,526

Median area rent$868/mo

Median home value$60,200

the verdict

2.72%vs 1.2% target

financing: 20% down · — (FRED, live) · 30yr

$70,000

2.72% · rent $1,907

Intrinsic value · income approach

$150,406

53% below intrinsic value

Value = net operating income ÷ market cap rate. Not investment advice.

Ten-year owner return

Equity multiple, per-year cash flow, and appreciation modeling are a Pro feature.