1626 W 40th Ave

Gary, IN 46408
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2 bd, 1 ba | 624 sqft | Built in 1946

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List Price
$43,000

Initial Investment

$43,747

Purchase Price

$43,100

Down Payment

100%

Rent

$750

Total Return

$44,818

Annualized Return

17.6%

Cap Rate

11.6%

Gross Yield

20.9%

Cash Flow

$4,508

Appreciation

9.2%
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Features

Occupancy

Occupied

Lease Start

05/17/2018

Lease End

05/17/2019

Lot Size

6,447

HOA

None

Flood Risk

Not Required


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Annual Financial Highlights

Expected Rent

$8,550

Expenses

-$3,042

Property Taxes

-$1,000

Loan Payments

$0

Net Cash Flow

$4,508

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