124 E Ewing Ave

South Bend, IN 46613
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3 bd, 2 ba | 1,694 sqft | Built in 1896

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List Price
$84,500

Initial Investment

$21,901

Purchase Price

$78,500

Down Payment

25%

Rent

$915

Total Return

$44,202

Annualized Return

26.3%

Cap Rate

7.6%

Gross Yield

14.0%

Cash Flow

$1,088

Appreciation

8.5%
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Features

Occupancy

Occupied

Lease Start

06/01/2018

Lease End

05/31/2021

Lot Size

6,970

HOA

None

Flood Risk

Not Required

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

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Annual Financial Highlights

Expected Rent

$10,431

Expenses

-$3,275

Property Taxes

-$1,800

Loan Payments

-$4,268

Net Cash Flow

$1,088

See more in Financials

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