4740 Rhode Island St

Gary, IN 46409
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3 bd, 1 ba | 1,300 sqft | Built in 1954

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List Price
$45,000

Initial Investment

$40,885

Purchase Price

$39,999

Down Payment

100%

Rent

$725

Total Return

$42,300

Annualized Return

17.8%

Cap Rate

12.2%

Gross Yield

21.8%

Cash Flow

$4,371

Appreciation

9.2%
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Features

Occupancy

Occupied

Lease Start

02/28/2020

Lease End

02/27/2021

Lot Size

11,021

HOA

None

Flood Risk

High Risk - Zone A

  • 1% rule
  • < $290 in immediate repairs
  • New lease through 2/27/2021
  • Convenient access to schools, parks, and shopping

MARKETS

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NEIGHBORHOOD

SCHOOLS

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Annual Financial Highlights

Expected Rent

$8,265

Expenses

-$2,994

Property Taxes

-$900

Loan Payments

$0

Net Cash Flow

$4,371

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