2461 Stevenson St

Gary, IN 46406
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3 bd, 2 ba | 1,764 sqft | Built in 1941

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List Price
$75,000

Initial Investment

$18,120

Purchase Price

$60,000

Down Payment

25%

Rent

$900

Total Return

$39,636

Annualized Return

28.9%

Cap Rate

9.2%

Gross Yield

18%

Cash Flow

$1,636

Appreciation

9.2%
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Features

Occupancy

Move-in (within 30 days)

Lease Start

02/20/2019

Lease End

02/19/2020

Lot Size

6,360

HOA

None

Flood Risk

Not Required


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Annual Financial Highlights

Expected Rent

$10,260

Expenses

-$3,662

Property Taxes

-$1,700

Loan Payments

-$3,262

Net Cash Flow

$1,636

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