2173 Roosevelt Pl

Gary, IN 46404
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3 bd, 1.5 ba | 1,196 sqft | Built in 1965

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List Price
$79,900

Initial Investment

$20,438

Purchase Price

$75,000

Down Payment

25%

Rent

$875

Total Return

$48,839

Annualized Return

30.0%

Cap Rate

8.2%

Gross Yield

14.0%

Cash Flow

$1,495

Appreciation

9.2%
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Features

Occupancy

Unspecified

Lease Start

02/06/2016

Lease End

07/31/2019

Lot Size

6,229

HOA

None

Flood Risk

Not Required

  • Month-to-month lease
  • Meets 1% rule
  • Attractive cap rate
  • No immediate repairs per inspection report

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Annual Financial Highlights

Expected Rent

$9,975

Expenses

-$3,002

Property Taxes

-$1,400

Loan Payments

-$4,077

Net Cash Flow

$1,495

See more in Financials

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