All Forum Posts by: 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. 

CORRECTION - Rent is $700, all other numbers are correct. Sorry for mix-up!

If interested, please PM me. Thanks!

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. 

PRICE REDUCED - $29,000

Visit our website to see additional photos and new deal numbers.

Get in on this great deal. Contact us now!

PRICE REDUCED - $21,499

Get in on this great deal. Contact us now!

Post Bump... Still available. Let me know if you are interested. Thanks!!

We have a very nice off-market property in the Riverpark area of South Bend, IN. This bungalow has a great floor plan, spacious rooms and a full-size basement. New flooring has been started, as the property is being prepped for a new tenant. Garage in rear needs work, but otherwise is the only real issue needing fixed. There are ceiling fans in both bedrooms and two in the living room. Mechanicals are relatively new, and basement is clean and dry. Comps sit around $60,000 for similar nearby recently sold properties. 

Get in on this steal before it's too late!

2 Bed / 1 Bath / 888 SqFt / 5676 SqFt Lot / Detached Garage / Built 1920

B Class Neighborhood

1018 S 31st Street, South Bend, IN 46615

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

Our Price - $37,000

Rehab Cost - $1,000

Total Potential Monthly Income - $675 (Possibly $700)

Yearly Income (Based on 1 month vacancy) - $7,425

Yearly Taxes - $1,498.64

Yearly Insurance - $800

Yearly Management/Maintenance Fees - $1,486

Yearly NOI - $3,641.36

All-In Cost - $38,000

ROI/Cash On Cash - 9.6%

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

Email for more information.

PRICE REDUCTION:

New Price - $9,500  (37% Reduction)

New ROI - 27.8%  (7.3% Increase)

New All-In Cost - $15,500  (Old All-In Cost - $21,000)

If you are interested, we need to move this property now!

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

Email for more information.

 Yes, that would be a true statement. ;)

We have a great package of turn-key properties, all well maintained with long-term tenants, including a day care facility in one that is paying higher than market rate rent. No war zones; All quiet neighborhoods. This package brings in a monthly income of $2000. This is a great investment for any investor, 3 properties for the price of 1! Forget about the 2% rule, how about the 3% rule!! Get in on this great deal while it lasts!

2420 Prast Blvd, South Bend, IN 46628

3 Bed / 2 Bath / 1283 SqFt / 5405 SqFt Lot / Detached Garage / Built 1920

432 Kenmore Ave, South Bend, IN 46619

2 Bed / 1 Bath / 672 SqFt / 5494 SqFt Lot / No Garage / Built 1949

436 Kenmore Ave, South Bend, IN 46619 (Daycare)

2 Bed / 1 Bath / 992 SqFt / 5494 SqFt Lot / No Garage / Built 1949

All C Class Neighborhoods

Here are the numbers, as cash-flowing properties:

Our Price - $70,000

Monthly Income - $2,000

Yearly Income (Includes 1mo Vacancy each property) - $22,000

Yearly Taxes - $2,780.74

Yearly Insurance - $1,800

Yearly Management/Maintenance Fees - $4,400

Yearly NOI - $13,019.26

All-In Cost - $70,000

ROI/Cash On Cash - 18.6%

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.