6320 Garfield Ave

Hammond, IN 46324
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3 bd, 1.5 ba | 1,720 sqft | Built in 1917

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List Price
$145,000

Initial Investment

$37,878

Purchase Price

$139,000

Down Payment

25%

Rent

$1,425

Total Return

$89,613

Annualized Return

29.7%

Cap Rate

7.9%

Gross Yield

12.3%

Cash Flow

$2,601

Appreciation

9.2%
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Features

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

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Annual Financial Highlights

Expected Rent

$16,245

Expenses

-$4,287

Property Taxes

-$1,800

Loan Payments

-$7,557

Net Cash Flow

$2,601

See more in Financials

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