6643 E 4th Ave

Gary, IN 46403
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3 bd, 1 ba | 1,073 sqft | Built in 1948

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List Price
$40,000

Initial Investment

$40,916

Purchase Price

$40,000

Down Payment

100%

Rent

$625

Total Return

$33,815

Annualized Return

14.8%

Cap Rate

10.7%

Gross Yield

18.8%

Cash Flow

$3,841

Appreciation

7.1%
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Features

Occupancy

Occupied

Lease Start

12/22/2018

Lease End

11/30/2019

Lot Size

3,964

HOA

None

Flood Risk

Not Required

  • Minimal immediate repairs needed
  • Meets 1% rule
  • Attractive cap rate
  • Potential upside in rent

MARKETS

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NEIGHBORHOOD

SCHOOLS

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Annual Financial Highlights

Expected Rent

$7,125

Expenses

-$2,584

Property Taxes

-$700

Loan Payments

$0

Net Cash Flow

$3,841

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