5241 Washington St

Gary, IN 46410
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4 bd, 1.5 ba | 1,634 sqft | Built in 1947

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List Price
$140,000

Initial Investment

$35,807

Purchase Price

$131,400

Down Payment

25%

Rent

$1,300

Total Return

$101,540

Annualized Return

31.7%

Cap Rate

6.6%

Gross Yield

11.9%

Cash Flow

$849

Appreciation

11.9%
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Features

Occupancy

Month To Month

Lease Start

05/01/2021

Lease End

M/M

Lot Size

32,365

HOA

None

Flood Risk

Not Required

  • Charming cape cod with 4 bedrooms and 1.5 bathrooms!
  • Cul-de-sac feel!
  • Solid cap rate at 6%
  • Property is occupied
  • Tenant is month-to-month
  • Rent is $1300/month

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Annual Financial Highlights

Expected Rent

$14,820

Expenses

-$3,927

Property Taxes

-$2,900

Loan Payments

-$7,144

Net Cash Flow

$849

See more in Financials

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