$25,000 - Wonderful Investment Property - 13.56% ROI

[Jason Richardson]

We have a wonderful investment property for sale in the Near-Northwest Neighborhoods. It has hardwood floors, large spacious rooms, 4 bedrooms, 2 bathrooms, newer mechanicals and a garage. This rental has long-term tenants. The tenants have been there for 2 years and plan on staying, which means immediate income! 

Here is a breakdown of the numbers:

10** California Ave, South Bend, IN 46616 

Total Monthly Rent - $625

Yearly Income (Based on a one month vacancy) - $6875

Yearly Taxes - $1508.94

Yearly Insurance - $600

Yearly Management/Maintenance Fees - $1375

Yearly NOI - $3391.06

ROI/Cash On Cash - 13.56%

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. We provide in-house property management and rehab services to our buyers, if needed. Serious inquiries only. Email for more information.