5025 Delaware St

Gary, IN 46409
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3 bd, 1 ba | 1,036 sqft | Built in 1927

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List Price
$56,000

Initial Investment

$50,938

Purchase Price

$48,000

Down Payment

100%

Rent

$880

Total Return

$49,034

Annualized Return

16.8%

Cap Rate

12.2%

Gross Yield

22%

Cash Flow

$5,273

Appreciation

9.2%
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Features

Occupancy

Occupied

Lease Start

03/21/2019

Lease End

03/20/2020

Lot Size

4,792

HOA

None

Flood Risk

Not Required

  • Leased through 2020
  • Attractive cap rate
  • Meets 1% rule
  • Pet friendly home
  • Pet fee included in monthly rent of $30.00

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Annual Financial Highlights

Expected Rent

$10,032

Expenses

-$3,659

Property Taxes

-$1,100

Loan Payments

$0

Net Cash Flow

$5,273

See more in Financials

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