1142 N Elmer St

South Bend, IN 46628
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2 bd, 1 ba | 852 sqft | Built in 1949

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List Price
$56,000

Initial Investment

$53,275

Purchase Price

$52,000

Down Payment

100%

Rent

$575

Total Return

$40,529

Annualized Return

13.4%

Cap Rate

8.1%

Gross Yield

13.3%

Cash Flow

$3,835

Appreciation

7.9%
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Features

Occupancy

Occupied

Lease Start

03/01/2019

Lease End

02/28/2021

Lot Size

5,227

HOA

None

Flood Risk

Not Required

  • Appliance rental fee included in monthly rent of $50.00 for stove and refrigerator
  • This property is located in a county that may require a water inspection at buyer’s expense

See more in Analysis

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Annual Financial Highlights

Expected Rent

$6,555

Expenses

-$1,920

Property Taxes

-$800

Loan Payments

$0

Net Cash Flow

$3,835

See more in Financials

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