7817 Whitcomb St

Merrillville, IN 46410
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3 bd, 1 ba | 1,836 sqft | Built in 1962

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List Price
$139,900

Initial Investment

$39,213

Purchase Price

$139,800

Down Payment

25%

Rent

$1,375

Total Return

$109,787

Annualized Return

31.9%

Cap Rate

7.0%

Gross Yield

11.8%

Cash Flow

$1,445

Appreciation

11.9%
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Features

Occupancy

Occupied

Lease Start

04/01/2020

Lease End

03/31/2021

Lot Size

9,583

HOA

None

Flood Risk

Not Required

  • Listed as part of a portfolio; For additional info Click Here
  • Seller recently made repairs on the home, view inspection documents for more info
  • Seller to complete all immediate repairs per inspection report ($1,117) as a contingency of closing, with full price offer
  • 47 minutes to downtown Chicago for work or entertainment.

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Annual Financial Highlights

Expected Rent

$15,675

Expenses

-$3,930

Property Taxes

-$2,700

Loan Payments

-$7,600

Net Cash Flow

$1,445

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