7620 Golfway Ct

Hammond, IN 46324
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3 bd, 1 ba | 888 sqft | Built in 1954

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List Price
$89,500

Initial Investment

$24,111

Purchase Price

$88,200

Down Payment

25%

Rent

$1,095

Total Return

$55,120

Annualized Return

28.6%

Cap Rate

7.8%

Gross Yield

14.9%

Cash Flow

$1,337

Appreciation

9.2%
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Features

Occupancy

Occupied

Lease Start

03/30/2019

Lease End

03/31/2020

Lot Size

6,448

HOA

None

Flood Risk

Not Required

  • Meets 1% rule, attractive cap rate
  • Minimal immediate repairs needed
  • Leased through 3/30/2020
  • Easy access to Gary/ Chicago International Airport (9mi)

MARKETS

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NEIGHBORHOOD

SCHOOLS

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Annual Financial Highlights

Expected Rent

$12,483

Expenses

-$3,651

Property Taxes

-$2,700

Loan Payments

-$4,795

Net Cash Flow

$1,337

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