2703 162nd Pl

Hammond, IN 46323
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3 bd, 2 ba | 1,163 sqft | Built in 1927

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List Price
$129,900

Initial Investment

$34,960

Purchase Price

$125,000

Down Payment

25%

Rent

$1,395

Total Return

$78,060

Annualized Return

28.3%

Cap Rate

7.7%

Gross Yield

13.4%

Cash Flow

$2,032

Appreciation

9.2%
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Features

Occupancy

Month To Month

Lease Start

08/01/2018

Lease End

M/M

Lot Size

5,118

HOA

None

Flood Risk

Not Required

  • Seller to complete all immediate repairs per inspection report ($898) as a contingency of closing, with full price offer

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Annual Financial Highlights

Expected Rent

$15,903

Expenses

-$4,275

Property Taxes

-$2,800

Loan Payments

-$6,796

Net Cash Flow

$2,032

See more in Financials

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