302 W Minnesota St

North Salem, IN 46165
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3 bd, 2 ba | 1,530 sqft | Built in 1983

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List Price
$127,750

Initial Investment

$32,778

Purchase Price

$119,000

Down Payment

25%

Rent

$1,065

Total Return

$68,103

Annualized Return

26.4%

Cap Rate

7.0%

Gross Yield

10.7%

Cash Flow

$1,239

Appreciation

8.8%
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Features

Occupancy

Occupied

Lease Start

08/13/2018

Lease End

08/12/2019

Lot Size

7,187

HOA

None

Flood Risk

Not Required


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Annual Financial Highlights

Expected Rent

$12,141

Expenses

-$3,133

Property Taxes

-$1,300

Loan Payments

-$6,469

Net Cash Flow

$1,239

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