2666 Tecumseh St

Portage, IN 46368
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3 bd, 1.5 ba | 1,479 sqft | Built in 1962

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List Price
$135,000

Initial Investment

$38,828

Purchase Price

$129,500

Down Payment

25%

Rent

$1,350

Total Return

$57,746

Annualized Return

20.9%

Cap Rate

7.0%

Gross Yield

12.5%

Cash Flow

$1,261

Appreciation

7.4%
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Features

Occupancy

Occupied

Lease Start

12/13/2017

Lease End

12/30/2020

Lot Size

12,600

HOA

None

Flood Risk

Not Required

  • Seller to provide $3,000 credit towards AC repair/replacement as a contingency of closing

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Annual Financial Highlights

Expected Rent

$15,390

Expenses

-$3,989

Property Taxes

-$3,100

Loan Payments

-$7,040

Net Cash Flow

$1,261

See more in Financials

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