2831 Irving St

Portage, IN 46368
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3 bd, 1 ba | 960 sqft | Built in 1958

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List Price
$119,900

Initial Investment

$35,004

Purchase Price

$119,900

Down Payment

25%

Rent

$1,195

Total Return

$57,721

Annualized Return

23.0%

Cap Rate

7.5%

Gross Yield

12.0%

Cash Flow

$1,791

Appreciation

7.4%
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Features

Occupancy

Occupied

Lease Start

08/01/2019

Lease End

08/30/2020

Lot Size

13,774

HOA

None

Flood Risk

Not Required

  • Full interior and exterior rehab prior to current occupancy
  • Leased through 08/30/20
  • Achieves 1% rule
  • 3.5 star neighborhood

See more in Analysis

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Annual Financial Highlights

Expected Rent

$13,623

Expenses

-$3,514

Property Taxes

-$1,800

Loan Payments

-$6,518

Net Cash Flow

$1,791

See more in Financials

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