$21,000 - Steal Of A Deal! - ROI 22%

[Jason Richardson]

We have a large 5 Bed / 1.5 Bath early 20th Century farm-style house, located in a quiet Northwest neighborhood. The home is in decent condition, but needs a few deferred maintenance items taken care of. Property has recently upgraded electrical, and a new high efficiency furnace and water heater. Tenants have been in the property for 2 years, have always paid rent on time, and intend on staying in the property. This property is a steal at this price!

5 Bed / 1.5 Bath / 1808 SqFt / 2640 SqFt Lot / No Garage / Built 1909

250 Studebaker St, South Bend, IN 46628

C Class Neighborhood

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

Our Price - $19,000

Monthly Income - $600

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

Yearly Taxes - $943.36

Yearly Insurance - $600

Yearly Management/Maintenance Fees - $1,540

Yearly NOI - $4,616.64

Estimated Rehab Cost - $2,000

All-In Cost - $21,000

ROI/Cash On Cash - 22%

Professional management and rehab services are available. Serious cash buyer inquiries only please. Email for more information.