4391 Massachusetts St Gary, IN, Gary, IN 46408

Single Family / 3 Bedroom(s) / 3 Bath(s)

Property Status:  For Sale | $34,900.00 (Wholesale) | 

Property Photos

Solid Brick Beauty

Property Status:
For Sale | $34,900.00 (Wholesale)
Property Details:
Single Family / 3 BR / 3 BA
Property Style:
Finished Sq Ft:
Finished Basement
Owner / Agent:
Property Features:
Fenced Yard
Basment Apartment
Contact Info
(219) 378-6433

View on Individual's Website
Property Description:

*Price Drop# This is a solid brick home with a basment, it has extensive fire damage and will need a full rehab, However the foundation and structure is undamaged, the basement was utilized as a 2nd living space. It also has a undamaged full deck. The neighborhood is quiet.

Profit Breakdown:
*Purchase Price: $35,000*
Estimated Repairs: $69,840 (based on 70% of total repair @ $25sqft-$30sqft)
2019 Taxes: $900.00
*Total Investment: $104,840.00
Neighborhood ARV: $125,000-$199,000
Realtor Fee: $9,600 (6% of sell price)
Potential Profit: ($35,560 / 36% Profit Potential)
CAF: $112,000 based on 70% Of Cash out Value
Mortgage: $800 /Month approx
Rent: $1600.00/mo
Taxes: $96.00/mo
Insurance: $92.00/mo (calculated using the Indiana Home Insurance average)
HOA: $0 /mo
Misc: $100.00

Cash Flow: $512.00/mo

pics: drive.google.com/drive/folders/12cdVRV3OhADaIOr6iM2G-ndu2aMfIEEX?usp=drive_link

This information is deemed reliable but not guaranteed!
Y.E.P Realty LLC


Legal Disclaimer:
This is a Wholesale Deal. The investor is not selling the property for the seller. The investor is a principal party in a valid and assignable purchase agreement which allows the investor to purchase the subject property from the seller. This purchase agreement is being offered for sale for an assignment fee to a 3rd party granting that party the opportunity to execute the purchase agreement to buy this home. The investor has the right to market the property, list the property on the MLS (Multiple Listing Service) and advertise the property on any online or offline marketing source as investor choses in order to find a prospective buyer to assign this contract to for an assignment fee. Northwest Indiana Creative Investors Association is not responsible nor will be held liable for the property or the information listed here.

Northwest Indiana Creative Investors Association is not responsible for the properties or the information listed here. Each Property is independently owned.  Click on the link above to contact the Property Owner about this property.

www.NICIA.org  (Northwest Indiana Creative Investors Association) does not give legal, tax, economic, or investment advice. NICIA disclaims all liability for the action or inaction taken or not taken as a result of communications from or to its members, officers, directors, employees and contractors. Each person should consult their own counsel, accountant and other advisors as to legal, tax, economic, investment, and related matters concerning Real Estate and other investments.   Poster may be selling their equitable interest in said property(s).

Your email will never be shared or sold to other members, vendors or any other third party without your consent.

Contact Us:

Northwest Indiana Creative Investors Association
9800 Connecticut Dr
Crown Point, IN 46307
(219) 313-1565

An Independent REIA Powered by:

Follow Us

  • Copyright 2024 © Northwest Indiana Creative Investors Association  All rights reserved. | This REIA Website is powered by: Real Estate Promo