5147 E 10th Ave

Gary, IN 46403
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2 bd, 1 ba | 775 sqft | Built in 1953

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List Price
$35,000

Initial Investment

$31,973

Purchase Price

$31,500

Down Payment

100%

Rent

$750

Total Return

$25,978

Annualized Return

14.5%

Cap Rate

10.7%

Gross Yield

28.6%

Cash Flow

$2,855

Appreciation

7.1%
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Features

Occupancy

Unspecified

Lease Start

06/26/2015

Lease End

06/25/2016

Lot Size

5,532

HOA

None

Flood Risk

Not Required

  • Month-to-month lease
  • No immediate repairs needed
  • Meets 1% rule
  • 10 minutes to downtown Gary

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Annual Financial Highlights

Expected Rent

$8,550

Expenses

-$3,095

Property Taxes

-$2,600

Loan Payments

$0

Net Cash Flow

$2,855

See more in Financials

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