$40,000 - Two Fully Rehabbed Off-Market Cash-Flowing Rentals!!

[Jason Richardson]

This is a package of two off market rental properties, both located in South Bend, IN. Both have had full rehabs within the past 3-5 years, and both have established tenants in place. One is a long term market rate tenant, and the other is Section 8 with guaranteed income. Professional management in place making this a great investment for an out of area investor, or a good pick up for a local landlord. Purchase price for the package is $40,000.

12** East Dayton Street – Monthly rent $560. Long term market rate tenant

8** South Liberty Street – Monthly rent $445. Section 8 tenant, guaranteed rent

Total Monthly Income - $1,005

Yearly income - $12,060

Yearly taxes - $1,432

Yearly insurance - $1,200

Yearly management/maintenance - $2,400

Yearly NOI - $7,028

Cash on Cash Return – 17.57%

The last two digits of the addresses have been removed so that the tenants can continue to enjoy the right for peaceful and safe living. If you are serious about this package and can prove that you are a legitimate buyer, then the rest will be given to you during your due diligence period. Serious inquiries only. Email for more information.