103 W 57th Ave

Merrillville, IN 46410
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3 bd, 2.5 ba | 1,872 sqft | Built in 1951

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List Price
$140,000

Initial Investment

$33,447

Purchase Price

$120,000

Down Payment

25%

Rent

$1,450

Total Return

$97,631

Annualized Return

33.3%

Cap Rate

7.7%

Gross Yield

14.5%

Cash Flow

$1,839

Appreciation

11.9%
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Features

Occupancy

Unspecified

Lease Start

01/14/2017

Lease End

11/30/2019

Lot Size

18,382

HOA

None

Flood Risk

Not Required

  • < $750 in immedate repair costs
  • Meets 1% rule
  • 15 minutes to largest employer United States Steel Corporation Gary Works
  • Seller recently made repairs on home, view inspection documents for more info

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Annual Financial Highlights

Expected Rent

$16,530

Expenses

-$4,567

Property Taxes

-$3,600

Loan Payments

-$6,524

Net Cash Flow

$1,839

See more in Financials

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