$25000 "ALL-IN" - Solid Southside Bungalow - 15.2% ROI

[Jason Richardson]

We have this solid Bungalow-styled house located on the South side of South Bend, not far from shopping and restaurant amenities. This property is a 2 bedroom house that was converted into a 1 bed by opening the wall between the front bedroom and living room. We will be closing that wall back up to convert this property back to a 2 bedroom, giving back the value it had prior to the change. Property has a decent layout, good sized rooms, full-size basement and a partially fenced in large back yard. Get in on this great deal now!

2 Bed / 1 Bath / 912 SqFt / 5066 SqFt Lot / No Garage / Built 1922

2615 S Main St, South Bend, IN 46614

B Class Neighborhood

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

Our Price - $21,000

Monthly Income - $600

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

Yearly Taxes - $883.36

Yearly Insurance - $600

Yearly Management/Maintenance Fees - $1,320

Yearly NOI - $3,796.64

Estimated Rehab Cost - $4,000

All-In Cost - $25,000

ROI/Cash On Cash - 15.2%

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