Northwest Indiana 5 Unit
1529 Sheffield Ave. Dyer IN 46311
$110,000 Per Unit
In Place NOI
Target CAP Rate
Today's Market Value
Target Purchase Price
Market CAP Rate
Value w/Market Rents
Cost Per Unit
Purchase at target price with 20% down payment. Upon purchase raise rents to appropriate levels. 2 Bed market rents are well over $1,200 in the area. Current seller has been slow and inefficient on rental increases. Refinance and pull cash out based on higher value of the property.
About The Property
One unit is being completely renovated before closing. Renovation is being completed by seller. The rest of units are rented for $800 per month. Units are row house style units with tenants being responsible for ALL utilities. No common areas exist. Each unit has a basement. Dyer has VERY low available rental units. 2 bedroom apartments easily demand $1,200/month in rent.
About The Neighborhood
Dyer is 27 miles south of the Loop. Dyer is a northwest suburb of IN with a population of 15,953. Dyer is in Lake County and has been voted one of the best places to live in Indiana. Living in Dyer offers residents a rural feel and most residents own their homes. In Dyer there are a lot of restaurants and parks serving the young professionals that live in Dyer. The public schools in Dyer are highly rated.
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Who pays what - Landlord Vs. Tenant
Comparable multi family properties that have sold in the area.
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Market report showing trends and insights.
Purchase Price of Property
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Year 2 Pro Forma
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"Annual Net Income", "Monthly Cash Flow", "Cash on Cash Return", "Equity Value", and "Equity Multiple" are based off of the "Year 2 Pro Forma" column inputs.
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