4427 Washington St

Gary, IN 46408
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4 bd, 1.5 ba | 1,050 sqft | Built in 1922

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List Price
$110,000

Initial Investment

$25,888

Purchase Price

$95,000

Down Payment

25%

Rent

$1,046

Total Return

$62,472

Annualized Return

30.3%

Cap Rate

8.2%

Gross Yield

13.2%

Cash Flow

$2,009

Appreciation

9.2%
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Features

Occupancy

Occupied

Lease Start

07/01/2020

Lease End

06/30/2021

Lot Size

6,447

HOA

None

Flood Risk

Not Required

  • Property is occupied
  • Rent is $1046/ month
  • Tenant is section 8
  • Detached Garage
  • Attractive Cap-Rate!

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Annual Financial Highlights

Expected Rent

$11,924

Expenses

-$3,251

Property Taxes

-$1,500

Loan Payments

-$5,165

Net Cash Flow

$2,009

See more in Financials

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