4/1/1248sf Cashflow Property - South Bend, In $10,500 Notre Dame

[Pedro Oliva]

Have an investment cashflow property under contract in South Bend, In that im looking to wholesale. Property is a 4/1/1248sf. It is a hoarder house and will be cleaned before closing. Price $10500, Estimated repairs $13,000, rents average go for $660/mo and median rents of $700/mo for a 4bd.

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Monthly Income:  $660.00

Monthly Expenses: $342.20

Monthly Cash Flow: $317.80

Pro Forma Cap Rate: 15.63%

NOI $3,813.60

Total Cash Needed $24,400.00

Cash on Cash ROI 15.63%

Purchase Cap Rate 36.32%