1009 Oakland St

South Bend, IN 46615
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2 bd, 1 ba | 759 sqft | Built in 1951

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List Price
$57,000

Initial Investment

$15,481

Purchase Price

$55,000

Down Payment

25%

Rent

$645

Total Return

$32,387

Annualized Return

27.5%

Cap Rate

8.2%

Gross Yield

14.1%

Cash Flow

$1,055

Appreciation

8.5%
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Features

Occupancy

Occupied

Lease Start

07/01/2019

Lease End

06/30/2021

Lot Size

4,792

HOA

None

Flood Risk

Not Required


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Annual Financial Highlights

Expected Rent

$7,353

Expenses

-$2,208

Property Taxes

-$1,100

Loan Payments

-$2,990

Net Cash Flow

$1,055

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