1438 Miner St

South Bend, IN 46617
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3 bd, 1 ba | 900 sqft | Built in 1927

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List Price
$78,900

Initial Investment

$21,358

Purchase Price

$77,000

Down Payment

25%

Rent

$750

Total Return

$41,077

Annualized Return

24.9%

Cap Rate

6.9%

Gross Yield

11.7%

Cash Flow

$615

Appreciation

8.5%
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Features

Occupancy

Occupied

Lease Start

10/02/2017

Lease End

07/31/2021

Lot Size

4,792

HOA

None

Flood Risk

Not Required

  • New rent of $800 effective from 01/01/20

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Annual Financial Highlights

Expected Rent

$8,550

Expenses

-$2,349

Property Taxes

-$1,400

Loan Payments

-$4,186

Net Cash Flow

$615

See more in Financials

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