2201 Ranburn Dr

Gary, IN 46408
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2 bd, 1 ba | 960 sqft | Built in 1940

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List Price
$105,000

Initial Investment

$27,250

Purchase Price

$100,000

Down Payment

25%

Rent

$1,225

Total Return

$63,305

Annualized Return

29.1%

Cap Rate

7.8%

Gross Yield

14.7%

Cash Flow

$1,652

Appreciation

9.2%
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Features

Occupancy

Occupied

Lease Start

07/01/2021

Lease End

07/31/2021

Lot Size

21,432

HOA

None

Flood Risk

Not Required

  • Tenant is month-to-month
  • Rent is $1225
  • Detached Garage

MARKETS

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NEIGHBORHOOD

SCHOOLS

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Annual Financial Highlights

Expected Rent

$13,965

Expenses

-$3,976

Property Taxes

-$2,900

Loan Payments

-$5,437

Net Cash Flow

$1,652

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