201 Indiana Ave

Mishawaka, IN 46544
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6 bd, 4 ba | 2,432 sqft | Built in 1909

Sold

Exclusive

List Price
$159,900

Initial Investment

$44,283
Pre-approval letter or proof of funds required.
Features

Occupancy

Occupied

Lease Start

05/25/2018

Lease End

05/31/2020

Property Type

Duplex

Lot Size

5,662

HOA

None

Flood Risk

Not Required

  • Duplex, leased through 5/31/2020 and 7/31/2021
  • Attractive cap rate
  • Walking distance to Mishawaka High School
  • Appliance rental fee included in monthly rent of $50
See more in Analysis

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Annual Financial Highlights

Expected Rent

$20,292

Expenses

-$5,556

Property Taxes

-$3,500

Loan Payments

-$6,579

Net Cash Flow

$4,657

See more in Financials

Property Characteristics

Inspection Contingency

This home will be inspected after the offer is accepted and prior to closing, during which time you can negotiate price or repairs based on the inspector's findings or cancel the contract.
  • This property will be professionally inspected before closing.
  • You'll have the opportunity to negotiate a lower price or repairs if any issues are identified during the inspection process.
  • Your earnest money deposit will be refunded if you cancel the transaction before the inspection contingency termination date.

Property Management

Why choose?
From repairs and maintenance to communicating with tenants, our preferred property management teams protect your assets and keep things running smoothly.

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