$26,000 - Excellent True Turn Key - ROI 16.1%

[Jason Richardson]

We have a 2 Bed / 1 Bath Cape Cod style house, with a detached garage, located on a very quiet dead end street. This is a true turn-key property, and a wonderful investment opportunity. The home is in good condition and has good long term tenants of 6 years! The tenants intend on staying in the property, making this an immediate cash flowing property. We would like to stress that the current tenants have maintained the property very well, and are proud of their home. This property is a steal at this price!

2 Bed / 1 Bath / 950 SqFt / 6000 SqFt Lot / Detached Garage / Built 1951

2814 Humbolt St, South Bend, IN 46628

C Class Neighborhood

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

Our Price - $26,000

Monthly Income - $600

Yearly Income (Includes 1mo Vacancy) - $6,600

Yearly Taxes - $493.94

Yearly Insurance - $600

Yearly Management/Maintenance Fees - $1,440

Yearly NOI - $4,186.06

All-In Cost - $26,000

ROI/Cash On Cash - 16.1%

Professional management and rehab services are available. Serious cash buyer inquiries only please. Please visit our website address (below) for additional photos for this, and all our available properties.

Email for more information.