4/1 Flip In Desirable Hammond Neighborhood

712 169th St, Hammond, IN 46324

$150,000 After Repair Value -
$65,000 Asking Price -
$40,000 Cost of Repairs =
$45,000 Potential Profit

Property Details

Asking Price $65,000

After Repair Value $150,000

Costs of Repairs $40,000

Potential Profit $45,000

Living Area 1243 ft2

Property Type Single Family House

Bedrooms 4

Bathrooms 1

Half Bathrooms 0

Parking 2

Listed with Agent No

EPI (Estimated Potential Income)

Potential Rental Income $1,350

Yearly Expenses $1,600

Property Taxes $1,272

Net Operating Income $450

Cap Rate 16.4

Property Description

Great Flip Opportunity Located In Highly Sought-After Area Of Hammond, Indiana. Home Sits On Quiet, Well Established Street And Consists of 4 Bedrooms And 1 Bathroom As Well As A Full Unfinished Basement. Property Also Has An Attached 2-Car Garage.

Repairs Needed

Basic cosmetic update, partial repair on roof estimated at $7,000.


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