6320 Garfield Ave Hammond, IN 46324
3bd, 1.5ba | 1,720sqft | Built in 1917
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Initial Investment
$147,175
List Price: $145,000
Purchase Price
$145,000
Down Payment
100%
Rent
$1,425

Total Return
$62,571
Annualized Return
8.3%
Cap Rate
7.7%
Gross Yield
11.8%
Cash Flow
$10,347
Appreciation
2.0%
Features
Roofstock Certified
Occupancy
Occupied
Lease Start
09/01/2019 
Lease End
08/31/2020 
Lot Size
4,484 
HOA
None
Flood Risk
Not Required
  • No immediate repairs needed per inspection report
  • 3-bed, 1-bath home with lots of natural light, tree-lined street
  • Near shopping, dining, and schools

Annual Financial Highlight
Expected Rent
$16,245
Expenses
-$4,098
Property Taxes
-$1,800
Loan Payments
$0

Net Cash Flow
$10,347
Considerations
Property Characteristics    View Details


Roofstock Exclusive
This property is listed directly from the seller and only available through the Roofstock marketplace.
  • You can avoid competition and "buy it now" at the list price.​
  • The home will have undergone a comprehensive inspection, title search and more – all of which are made available in the Diligence Documents to review.
  • Transaction will only carry an inspection contingency if the posted inspection report is more than 4 months old.
  • A Roofstock-affiliated broker represents the Seller in this transaction, but Roofstock will walk you through the process​.

Property Management   

Why choose?

From repairs and maintenance to communicating with tenants, our preferred property management teams protect your assets and keep things running smoothly.

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