210 W 57th Ave

Merrillville, IN 46410
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3 bd, 1 ba | 940 sqft | Built in 1933

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List Price
$128,000

Initial Investment

$32,700

Purchase Price

$120,000

Down Payment

25%

Rent

$1,250

Total Return

$97,113

Annualized Return

33.4%

Cap Rate

7.4%

Gross Yield

12.5%

Cash Flow

$1,601

Appreciation

11.9%
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Features

Occupancy

Occupied

Lease Start

02/15/2021

Lease End

01/31/2022

Lot Size

6,316

HOA

None

Flood Risk

Not Required

  • Inspection contingency available
  • Leased through 1/31/22
  • Section 8
  • Recently renovated

See more in Analysis

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Annual Financial Highlights

Expected Rent

$14,250

Expenses

-$3,625

Property Taxes

-$2,500

Loan Payments

-$6,524

Net Cash Flow

$1,601

See more in Financials

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