918 W 63rd Ave

Merrillville, IN 46410
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3 bd, 1.5 ba | 1,644 sqft | Built in 1948

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List Price
$124,999

Initial Investment

$30,750

Purchase Price

$111,000

Down Payment

25%

Rent

$1,350

Total Return

$92,753

Annualized Return

34.4%

Cap Rate

8.0%

Gross Yield

14.6%

Cash Flow

$2,126

Appreciation

11.9%
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Features

Occupancy

Vacant

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

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Annual Financial Highlights

Expected Rent

$15,390

Expenses

-$4,329

Property Taxes

-$2,900

Loan Payments

-$6,035

Net Cash Flow

$2,126

See more in Financials

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