4001 Virginia St

Gary, IN 46409
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2 bd, 1 ba | 760 sqft | Built in 1922

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Curb View
List Price
$45,000

Initial Investment

$43,872

Purchase Price

$43,000

Down Payment

100%

Rent

$750

Total Return

$43,756

Annualized Return

17.1%

Cap Rate

11.3%

Gross Yield

20.9%

Cash Flow

$4,360

Appreciation

9.2%
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Features

Occupancy

Occupied

Lease Start

06/01/2019

Lease End

06/01/2020

Lot Size

6,229

HOA

None

Flood Risk

Not Required

  • Attractive cap rate, meets 1% rule
  • New 12-month lease started 6/1/2019
  • <$400 in immediate repairs
  • 4 miles to downtown Gary and 9 miles to Gary/ Chicago International airport

MARKETS

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NEIGHBORHOOD

SCHOOLS

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Annual Financial Highlights

Expected Rent

$8,550

Expenses

-$3,090

Property Taxes

-$1,100

Loan Payments

$0

Net Cash Flow

$4,360

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