50771 Michigan Rd

South Bend, IN 46637
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3 bd, 1 ba | 1,016 sqft | Built in 1939

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List Price
$72,427

Initial Investment

$71,789

Purchase Price

$70,000

Down Payment

100%

Rent

$765

Total Return

$53,989

Annualized Return

13.1%

Cap Rate

7.3%

Gross Yield

13.1%

Cash Flow

$4,571

Appreciation

8.5%
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Features

Occupancy

Occupied

Lease Start

11/01/2019

Lease End

10/31/2020

Lot Size

9,583

HOA

None

Flood Risk

Not Required

  • 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

$8,721

Expenses

-$2,550

Property Taxes

-$1,600

Loan Payments

$0

Net Cash Flow

$4,571

See more in Financials

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