New Rental in South Hammond

535 165th St, Hammond, IN 46324

$120,000 After Repair Value -
$63,000 Asking Price -
$17,000 Cost of Repairs =
$40,000 Potential Profit

Property Details

Asking Price $63,000

After Repair Value $120,000

Costs of Repairs $17,000

Potential Profit $40,000

Living Area 912 ft2

Property Type Single Family House

Bedrooms 3

Bathrooms 1

Half Bathrooms N/A

Parking 0

Listed with Agent 0

EPI (Estimated Potential Income)

Potential Rental Income $14,400

Yearly Expenses $4,918

Property Taxes $1,679

Net Operating Income $9,481

Cap Rate 11.52%

Property Description

Amazing Buy & Hold Opportunity in Established Neighborhood. Property Is Close To Being Turn-Key Rental With Minimal Repairs Needed. Property Has Full Unfinished Basement. Bathroom And Kitchen Have Been Recently Remolded. Get Your Hands on This Cash-Flowing Property Today!

Repairs Needed

Minor cosmetic work on inside and roof repair that has been quoted at $4,000 by reputable contractor.


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