3780 Monroe St Gary, IN 46408
2bd, 1ba | 734sqft | Built in 1924
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Initial Investment
$53,795
List Price: $53,000
Purchase Price
$53,000
Down Payment
100%
Rent
$775

Total Return
$29,392
Annualized Return
10.7%
Cap Rate
10.4%
Gross Yield
17.5%
Cash Flow
$5,001
Appreciation
2.0%
Features
Occupancy
Occupied
Lease Start
05/31/2019 
Lease End
05/31/2020 
Lot Size
4,138 
HOA
None
Flood Risk
Not Required
  • Attractive cap rate and meets 1% rule
  • No immediate repairs needed
  • 4 miles to downtown Gary, 35 miles to downtown Chicago

Annual Financial Highlight
Expected Rent
$8,835
Expenses
-$2,834
Property Taxes
-$1,000
Loan Payments
$0

Net Cash Flow
$5,001
Considerations
Property Characteristics    View Details

Roofstock Guarantee
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  • All properties come with our 30-day money back guarantee
  • Enjoy guaranteed rent on vacant, rent-ready properties starting 45 days after closing. Plus, you will also pay no monthly management fees until your property is leased.
  • This offer applies to all single-family properties and excludes duplexes, triplexes and fourplexes.

Property Management   

Why choose?

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

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