918 W 63rd Ave Merrillville, IN 46410
3bd, 1.5ba | 1,644sqft | Built in 1948
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Initial Investment
$132,452
List Price: $129,999
Purchase Price
$129,999
Down Payment
100%
Rent
$1,110

Total Return
$41,704
Annualized Return
6.2%
Cap Rate
5.6%
Gross Yield
10.2%
Cash Flow
$6,634
Appreciation
2.0%
Features
Roofstock Certified
Occupancy
Occupied
Lease Start
01/07/2019 
Lease End
01/06/2020 
Lot Size
11,979 
HOA
None
Flood Risk
Not Required
  • Fully rehabbed in 2016: new kitchen & bathrooms, flooring, interior & exterior painting
  • Professionally managed by Caps Property Management
  • Solid tenant consistently pays on time
  • Pet fee included in monthly rent of $15.00
  • Currently at below market rent

Annual Financial Highlight
Expected Rent
$12,654
Expenses
-$3,120
Property Taxes
-$2,900
Loan Payments
$0

Net Cash Flow
$6,634
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.