142 Jackson St Michigan City, IN 46360
2bd, 1ba | 1,260sqft | Built in 1909
investment property - 142 Jackson St, Michigan City, IN 46360, La Porte - image 0
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investment property - 142 Jackson St, Michigan City, IN 46360, La Porte - image 0
investment property - 142 Jackson St, Michigan City, IN 46360, La Porte - image 1
investment property - 142 Jackson St, Michigan City, IN 46360, La Porte - image 2
List Price
$79,900
Initial Investment : $81,885
Purchase Price
$79,900
Down Payment
100%
Rent
$850

Total Return
$36,783
Annualized Return
8.6%
Cap Rate
7.3%
Gross Yield
12.8%
Cash Flow
$5,265
Appreciation
3.3%
Features
Roofstock Certified
Occupancy
Occupied
Lease Start
12/04/2019 
Lease End
11/30/2020 
Lot Size
4,998 
HOA
None
Flood Risk
Not Required
  • Seller had repairs done post-inspection, invoice included in Diligence Documents
  • 15-minute drive to Indiana Dunes State Park
  • Attractive cap rate
  • Near shopping, dining, and schools

Annual Financial Highlight
Expected Rent
$9,690
Expenses
-$2,825
Property Taxes
-$1,600
Loan Payments
$0

Net Cash Flow
$5,265
Considerations
Property Characteristics    View Details



Inspection Contingency
This home will be inspected after the offer is accepted and prior to closing, during which time you can negotiate price or repairs based on the inspector's findings or cancel the contract. If any prior inspection reports are available, you'll find them in the Diligence Documents (Analysis tab).  If the latest inspection report is more than 4 months old, the home will be listed with an inspection contingency.
  • This property will be professionally inspected before closing.
  • You’ll have the opportunity to negotiate a lower price or repairs if any issues are identified during the inspection process.
  • Your earnest money deposit will be refunded if you cancel the transaction before the inspection contingency termination date.
  • Roofstock will let you know whether the property passes Roofstock Certification. If it fails, and you choose to carry on with the transaction, the Roofstock Guarantee will no longer apply unless issues are resolved prior to closing. 

Property Management   

Why choose?

From repairs and maintenance to communicating with tenants, our preferred property management teams protect your assets and keep things running smoothly.

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