273 Grant St

Gary, IN 46404
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2 bd, 1 ba | 775 sqft | Built in 1946

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List Price
$36,000

Initial Investment

$35,731

Purchase Price

$35,000

Down Payment

100%

Rent

$650

Total Return

$29,352

Annualized Return

14.1%

Cap Rate

8.1%

Gross Yield

22.3%

Cash Flow

$2,373

Appreciation

9.2%
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Features

Occupancy

Unspecified

Lease Start

03/29/2018

Lease End

03/28/2019

Lot Size

5,009

HOA

None

Flood Risk

Not Required

  • Month-to-month lease
  • < $210 in immediate repairs
  • Within 5 minutes of downtown Gary
  • Home features large front yard

MARKETS

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NEIGHBORHOOD

SCHOOLS

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Annual Financial Highlights

Expected Rent

$7,410

Expenses

-$2,737

Property Taxes

-$2,300

Loan Payments

$0

Net Cash Flow

$2,373

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