Condition: Fixer upper (about $8,000 in cosmetic repairs) Great Investment Property. This home is in Hammond, IN and has the potential to be a 3 bedroom. It's 1 minute away from City Baptist Schools and 3 minutes away from Washington Irving Elementary School. This property is in a low crime area, relative to the rest of lake county. The closest comparable property sold for 50,000. This property can collect $790 in rent each month as a 2 bedroom and 850 as a 3 bedroom. We're selling it for only $30,000 cash, which is at least 40% below its estimated after repair value (ARV). If you fix it up and rent it out for $790 a month, you're looking at a projected 23% return annually on your money after property tax. If you sell it, there's a possible 24% return on your money before accounting for expenses.
This property is off market, which means it's not currently listed for sale or rent on Zillow. This may be different from what's available on other websites or public sources.
