2504 Hancock St Gary, IN 46405
3bd, 1ba | 1,120sqft | Built in 1974
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Initial Investment
$107,213
List Price: $105,000
Purchase Price
$105,000
Down Payment
100%
Rent
$1,250

Total Return
$51,543
Annualized Return
9.4%
Cap Rate
9.0%
Gross Yield
14.3%
Cash Flow
$8,781
Appreciation
2.0%
Features
Roofstock Certified
Occupancy
Move-in (w/in 30 days)
Lease Start
10/15/2019 
Lease End
10/14/2020 
Lot Size
13,329 
HOA
None
Flood Risk
Not Required
  • Meets 1% rule with attractive cap rate
  • Leased through 10/14/2020
  • 3-bed, 1-bath single-family home

Annual Financial Highlight
Expected Rent
$14,250
Expenses
-$3,869
Property Taxes
-$1,600
Loan Payments
$0

Net Cash Flow
$8,781
Considerations
Property Characteristics    View Details


Roofstock Exclusive
This property is listed directly from the seller and only available through the Roofstock marketplace.
  • You can avoid competition and "buy it now" at the list price.​
  • The home will have undergone a comprehensive inspection, title search and more – all of which are made available in the Diligence Documents to review.
  • Transaction will only carry an inspection contingency if the posted inspection report is more than 4 months old.
  • A Roofstock-affiliated broker represents the Seller in this transaction, but Roofstock will walk you through the process​.

Property Management   

Why choose?

From repairs and maintenance to communicating with tenants, our preferred property management teams protect your assets and keep things running smoothly.