242 N Lindberg St Griffith, IN 46319
3bd, 1ba | 1,014sqft | Built in 1942
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Initial Investment
$137,218
List Price: $134,900
Purchase Price
$134,900
Down Payment
100%
Rent
$1,350

Total Return
$51,594
Annualized Return
7.4%
Cap Rate
6.8%
Gross Yield
12.0%
Cash Flow
$8,408
Appreciation
2.0%
Features
Roofstock Certified
Occupancy
Occupied
Lease Start
09/27/2018 
Lease End
09/30/2019 
Lot Size
6,621 
HOA
None
Flood Risk
Not Required
  • Achieves 1% Rule
  • Complete interior and exterior, turnkey rehab w/ <$300 in immediate repairs
  • Attractive 4 star neighborhood score w/ above average schools (7,4,6)
  • Leased through 9/30/19

Annual Financial Highlight
Expected Rent
$15,390
Expenses
-$3,882
Property Taxes
-$3,100
Loan Payments
$0

Net Cash Flow
$8,408
Considerations
Property Characteristics    View Details

Roofstock Guarantee
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  • Enjoy guaranteed rent on vacant, rent-ready properties starting 45 days after closing. Plus, you will also pay no monthly management fees until your property is leased.
  • This offer applies to all single-family properties and excludes duplexes, triplexes and fourplexes.

Property Management   

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