5221 Meadow Ave Portage, IN 46368
3bd, 1ba | 1,025sqft | Built in 1958
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For Sale
Open House
1d : 2h : 53m : 3s
Initial Investment
$132,094
Open House Price: $129,900
Purchase Price
$129,900
Down Payment
100%
Rent
$1,195

Total Return
$51,599
Annualized Return
7.6%
Cap Rate
7.0%
Gross Yield
11.0%
Cash Flow
$8,473
Appreciation
2.0%
Features
Roofstock Certified
Occupancy
Occupied
Lease Start
05/20/2019 
Lease End
05/30/2022 
Lot Size
9,472 
HOA
None
Flood Risk
Not Required
  • Complete interior and exterior rehab w/ <$250 in immediate repairs needed
  • 3.5 star neighborhood /w above average schools (6,7,6)
  • Leased through 5/30/2022
  • Tenant Purchase option at $134,900

Annual Financial Highlight
Expected Rent
$13,623
Expenses
-$3,350
Property Taxes
-$1,800
Loan Payments
$0

Net Cash Flow
$8,473
Considerations
Property Characteristics    View Details


Open House
Open House is a 48-hour period that allows you to make an offer and start negotiating early. This is a new or previously listed property on the marketplace that has been listed while the certification process is being completed. When you make an offer, the seller will respond within 24 hours of the Open House period ending.
  • Access our newest listings: Be the first to view new listings that have just hit our marketplace. These properties will be open to bidding during the 48-hour Open House period.
  • Engage sooner with sellers: Get a leg up on the competition. Open House allows you submit your bid ahead of other marketplace investors and quickly get a response.
  • Tip - Make your bid more competitive: Submitting an offer above the suggested offer price can increase your chances of being accepted by the seller, especially if there are other investors interested in the property.

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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