2357 Colfax St

Gary, IN 46406
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2 bd, 1 ba | 846 sqft | Built in 1959

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List Price
$48,000

Initial Investment

$45,424

Purchase Price

$41,000

Down Payment

100%

Rent

$725

Total Return

$38,520

Annualized Return

15.0%

Cap Rate

11.5%

Gross Yield

21.2%

Cash Flow

$4,231

Appreciation

9.2%
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Features

Occupancy

Occupied

Lease Start

02/27/2019

Lease End

01/31/2020

Lot Size

8,886

HOA

None

Flood Risk

Not Required


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Annual Financial Highlights

Expected Rent

$8,265

Expenses

-$3,034

Property Taxes

-$1,000

Loan Payments

$0

Net Cash Flow

$4,231

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