3101 Vine St

South Bend, IN 46615
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5 bd, 2 ba | 1,696 sqft | Built in 1912

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List Price
$97,062

Initial Investment

$89,359

Purchase Price

$86,000

Down Payment

100%

Rent

$1,550

Total Return

$87,862

Annualized Return

17.3%

Cap Rate

12.5%

Gross Yield

21.6%

Cash Flow

$9,890

Appreciation

8.5%
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Features

Occupancy

Unspecified

Lease Start

11/19/2015

Lease End

03/31/2019

Property Type

Duplex

Lot Size

5,227

HOA

None

Flood Risk

Not Required

  • Lower unit is month to month lease; long term tenant with excellent payment history
  • Upper unit new tenant with lease through 3/2021
  • Near Indiana University South Bend
  • MTM fee added in monthly rent of $75
  • Seller recently made repairs on home, view inspection documents for more info
  • Duplex zoned as 510-residential single family dwelling

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Annual Financial Highlights

Expected Rent

$17,670

Expenses

-$6,080

Property Taxes

-$1,700

Loan Payments

$0

Net Cash Flow

$9,890

See more in Financials

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