129 W 47th Ave Gary, IN 46408
5bd, 2ba | 1,980sqft | Built in 1926
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Initial Investment
$92,227
List Price: $90,000
Purchase Price
$90,000
Down Payment
100%
Rent
$945

Total Return
$35,720
Annualized Return
7.6%
Cap Rate
7.2%
Gross Yield
12.6%
Cash Flow
$5,983
Appreciation
2.0%
Features
Roofstock Certified
Occupancy
Month To Month
Lease Start
03/01/2018 
Lease End
M/M
Lot Size
11,500 
HOA
None
Flood Risk
Not Required
  • Long term Section 8 tenant (over 5 years)
  • Tenant pays the rent on time, maintains property well and does any minor repairs

Annual Financial Highlight
Expected Rent
$10,773
Expenses
-$3,090
Property Taxes
-$1,700
Loan Payments
$0

Net Cash Flow
$5,983
Considerations
Property Characteristics    View Details


Roofstock Exclusive
This property is listed directly from the seller and only available through the Roofstock marketplace.
  • You can avoid competition and "buy it now" at the list price.​
  • The home will have undergone a comprehensive inspection, title search and more – all of which are made available in the Diligence Documents to review.
  • Transaction will only carry an inspection contingency if the posted inspection report is more than 4 months old.
  • A Roofstock-affiliated broker represents the Seller in this transaction, but Roofstock will walk you through the process​.

Property Management   

Why choose?

From repairs and maintenance to communicating with tenants, our preferred property management teams protect your assets and keep things running smoothly.

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