242 N Lindberg St

Griffith, IN 46319
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3 bd, 1 ba | 1,014 sqft | Built in 1942

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List Price
$134,900

Initial Investment

$36,400

Purchase Price

$132,500

Down Payment

25%

Rent

$1,350

Total Return

$77,767

Annualized Return

26.7%

Cap Rate

6.8%

Gross Yield

12.2%

Cash Flow

$1,093

Appreciation

9.2%
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Features

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

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Annual Financial Highlights

Expected Rent

$15,390

Expenses

-$3,994

Property Taxes

-$3,100

Loan Payments

-$7,203

Net Cash Flow

$1,093

See more in Financials

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