2 Turnkey Homes for $30k a door in Hammond Indiana

[Dan G.]

Address 5722-24 Hump RD Hammond, Indiana

LOT SIZE: Two lots of 50 ft. wide by 144.45 ft. deep totaling 14,445 square feet

PURCHASE PRICE: $60,000 net to Seller

INCOME and DESCRIPTION: Monthly income of $1600.00; Annual income of $19,200

5722 Hump Rd is a single story, two bedroom, one bath home. The home was recently occupied by a long term single occupant for $750 PER MONTH.

5724 5722 Hump Rd is a two story, three bedroom, one bath home. The home was rented for $850 PER MONTH.

The southern parcel also contains and additional Garage and workshop. Workshop is unfinished on the inside. Power availability at Garage/workshop unknown

I grew up about 1/4 mile from this property and would rate the property area at B-.  Property is close to the train station and not too far from the highway.

NET OPERATING INCOME & CAP: 2016 Property taxes are $2712 annually and Annual Property Insurance is $1320 for both parcels. NOI = $15,168 ; CAP =25% (using $60,000 gross purchase cost to Buyer.

Any questions or concerns feel free to ask or I can be reached directly at 219-239-1233.

Zillow ad and more pictures HERE