Below market value: Freshly updated SFR in hottest NWI market

[Jay Bhatt]

Hey BP community,

A freshly renovated house in Hobart Indiana is for sale in a great school district area.

Northwest Indiana is a booming market with constant infllows of new tenants commuting to Illinois for work. 

Here is a BP post and news articles about NWI market.

Why Northwest Indiana Rocks!

NWI housing market remains strong

Northwest Indiana Housing Market Stays Hot

This  3 bedroom, 2 bath property has been renovated. 

- New Hardwood Floors

- Updated Bathrooms with new toilets and flooring

- Less than 3 year old Furnace

Below is the analysis based on numbers.

Asking price: $74,900 ( Comfortably below market value and Zestimate)

Tax Value: $94,000

Property Tax: $2100

Rent: $1000 ( Conservatively speaking, Ideally it can easily go for $1050 or above even)

Vacancy: 5%

Repairs:5%

Cap Ex: 5%

Property Management:8%

Monthly Cash Flow: $554

CoC Return:9%

You can see photos and additional details at

3037 Huntington Avenue Photos and Details

Note: Owner Financing, Lease Purchase and Land contract options available.

Please feel free to reach out with any additional questions.