1928 S Colfax St

Griffith, IN 46319
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4 bd, 1.5 ba | 1,430 sqft | Built in 1951

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List Price
$148,900

Initial Investment

$40,062

Purchase Price

$145,900

Down Payment

25%

Rent

$1,365

Total Return

$88,843

Annualized Return

27.8%

Cap Rate

7.2%

Gross Yield

11.2%

Cash Flow

$1,805

Appreciation

9.2%
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Features

Occupancy

Occupied

Lease Start

10/14/2018

Lease End

08/30/2021

Lot Size

83,025

HOA

None

Flood Risk

Not Required

  • Attractive cap rate
  • <$325 in immediate repairs per inspection report
  • Leased through 8/30/2021
  • Easy access to Gary/Chicago International Airport (12.5 miles)

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Annual Financial Highlights

Expected Rent

$15,561

Expenses

-$3,924

Property Taxes

-$1,900

Loan Payments

-$7,932

Net Cash Flow

$1,805

See more in Financials

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