$15,000 - Another Excellent Property Needing TLC - 17.4% ROI

[Jason Richardson]

We have another great property here, located in decent neighborhood of the Westside of South Bend. Property needs some TLC, but all plumbing, electrical and mechanicals are intact. This property has been well maintained, externally, and needs a light rehab inside. Kitchen and bath are outdated and need updating, but it isn't necessary for this property to cashflow since they are still in decent condition and functional. Property is currently vacant.

2 Bed / 1 Bath / 725 SqFt / 5550 SqFt Lot / Detached Garage / Built 1949

Here are the numbers, as a cash-flow property:

3117 W Dunham Street, South Bend, IN 46619

Our Price - $15,000

Rehab Cost - $5,000

Total Potential Monthly Income - $550

Yearly Income (Based on 1 month vacancy) - $6,050

Yearly Taxes - $755.30

Yearly Insurance - $600

Yearly Management/Maintenance Fees - $1,210

Yearly NOI - $3,484.70

ROI/Cash On Cash - 17.4%

Professional management and rehab services are available. Serious cash buyer inquiries only please.

Email for more information.