3962 Grant St

Gary, IN 46408
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2 bd, 1 ba | 575 sqft | Built in 1941

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List Price
$59,900

Initial Investment

$14,988

Purchase Price

$55,000

Down Payment

25%

Rent

$650

Total Return

$32,671

Annualized Return

27.1%

Cap Rate

7.2%

Gross Yield

14.2%

Cash Flow

$504

Appreciation

9.2%
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Features

Occupancy

Month To Month

Lease Start

11/16/2020

Lease End

M/M

Lot Size

4,661

HOA

None

Flood Risk

Not Required

  • Tenant in place
  • Rent is Month-to-Month
  • Beautiful park-like setting
  • Rent is $650

MARKETS

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NEIGHBORHOOD

SCHOOLS

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Annual Financial Highlights

Expected Rent

$7,410

Expenses

-$2,216

Property Taxes

-$1,700

Loan Payments

-$2,990

Net Cash Flow

$504

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