$22,000 - Cash-Flow Giant! - 18.1% ROI

[Jason Richardson]

This property is going to be a cash-flow giant for its new owner. This five bedroom, two full bath, home that sits on three lots is perfect for a large family looking for some space. In the past three years a new roof, new mechanicals (including a furnace and water heater), new electric service and new plumbing were installed. A light cosmetic rehab is needed, but it won’t take much to get this property cash-flowing like crazy. With professional property management available, it will make a great passive investment for an out-of-area buyer looking for something turn-key. Let your money go to work for you with this fantastic deal.

5 Bed / 2 Bath / 2008 SqFt / 13161 SqFt Total Lot / No Garage / Built 1913

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

2618 W Colfax Street, South Bend, IN 46619

Our Price - $22,000

Rehab Cost - $5,000

Total Potential Monthly Income - $800

Yearly Income (Based on 1 month vacancy) - $8,800

Yearly Taxes - $1,557.34

Yearly Insurance - $600

Yearly Management/Maintenance Fees - $1,760

Yearly NOI - $4,882.66

ROI/Cash On Cash - 18.1%

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

Email for more information.