13131 Parrish Ave

Cedar Lake, IN 46303
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4 bd, 1 ba | 1,800 sqft | Built in 1950

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List Price
$112,900

Initial Investment

$31,203

Purchase Price

$111,900

Down Payment

25%

Rent

$1,215

Total Return

$47,924

Annualized Return

21.3%

Cap Rate

6.8%

Gross Yield

13.0%

Cash Flow

$884

Appreciation

6.9%
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Features

Occupancy

Occupied

Lease Start

11/21/2018

Lease End

09/30/2021

Lot Size

21,780

HOA

None

Flood Risk

Not Required

  • Complete interior and exterior, turnkey rehab
  • Priced for an investor at $112,900, with recent sales between $134,000 - $156,000
  • 4-star neighborhood with premium school district
  • Leased through 9/30/2021
  • Pet fee included in monthly rent of $15.00

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Annual Financial Highlights

Expected Rent

$13,851

Expenses

-$3,883

Property Taxes

-$3,000

Loan Payments

-$6,083

Net Cash Flow

$884

See more in Financials

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