6114 Johnson St

Merrillville, IN 46410
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3 bd, 1.5 ba | 1,740 sqft | Built in 1961

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List Price
$126,000

Initial Investment

$33,442

Purchase Price

$122,000

Down Payment

25%

Rent

$1,295

Total Return

$96,271

Annualized Return

32.4%

Cap Rate

7.0%

Gross Yield

12.7%

Cash Flow

$1,201

Appreciation

11.9%
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Features

Occupancy

Occupied

Lease Start

07/12/2019

Lease End

07/31/2020

Lot Size

11,195

HOA

None

Flood Risk

Not Required

  • Complete interior and exterior rehab w/ <$200 in immediate repairs
  • Achieves 1% rule
  • 3.5-star neighborhood

MARKETS

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NEIGHBORHOOD

SCHOOLS

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Annual Financial Highlights

Expected Rent

$14,763

Expenses

-$4,029

Property Taxes

-$2,900

Loan Payments

-$6,633

Net Cash Flow

$1,201

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