4714 McCook Ave

East Chicago, IN 46312
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3 bd, 1 ba | 1,029 sqft | Built in 1920

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List Price
$38,900

Initial Investment

$28,949

Purchase Price

$27,371

Down Payment

100%

Rent

$725

Total Return

$35,305

Annualized Return

21.3%

Cap Rate

17.8%

Gross Yield

31.8%

Cash Flow

$4,372

Appreciation

9.2%
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Features

Occupancy

Occupied

Lease Start

07/12/2019

Lease End

07/11/2020

Lot Size

3,406

HOA

None

Flood Risk

Not Required

  • Meets 1% rule with attractive cap rate
  • Multiple parks nearby
  • 15 minutes from downtown Gary

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Annual Financial Highlights

Expected Rent

$8,265

Expenses

-$3,093

Property Taxes

-$800

Loan Payments

$0

Net Cash Flow

$4,372

See more in Financials

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