2504 Hancock St

Gary, IN 46405
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3 bd, 1 ba | 1,120 sqft | Built in 1974

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List Price
$105,000

Initial Investment

$29,250

Purchase Price

$105,000

Down Payment

25%

Rent

$1,250

Total Return

$72,935

Annualized Return

31.9%

Cap Rate

9.0%

Gross Yield

14.3%

Cash Flow

$3,072

Appreciation

9.2%
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Features

Occupancy

Unspecified

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

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Annual Financial Highlights

Expected Rent

$14,250

Expenses

-$3,869

Property Taxes

-$1,600

Loan Payments

-$5,708

Net Cash Flow

$3,072

See more in Financials

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