6941 Alexander Ave

Hammond, IN 46323
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3 bd, 2 ba | 2,072 sqft | Built in 1928

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List Price
$149,500

Initial Investment

$42,708

Purchase Price

$149,500

Down Payment

25%

Rent

$1,495

Total Return

$87,307

Annualized Return

26.0%

Cap Rate

7.0%

Gross Yield

12%

Cash Flow

$1,459

Appreciation

9.2%
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Features

Occupancy

Occupied

Lease Start

03/20/2020

Lease End

03/31/2021

Lot Size

6,731

HOA

None

Flood Risk

Not Required

  • Listed as part of a portfolio; For additional info Click Here
  • Attractive cap rate
  • Appreciation of 5.4% last year
  • Seller recently made repairs on home, view inspection documents for more info

MARKETS

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NEIGHBORHOOD

SCHOOLS

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Annual Financial Highlights

Expected Rent

$17,043

Expenses

-$4,456

Property Taxes

-$3,000

Loan Payments

-$8,128

Net Cash Flow

$1,459

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