3801 Fellows St

South Bend, IN 46614
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3 bd, 1 ba | 864 sqft | Built in 1950

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List Price
$62,500

Initial Investment

$17,972

Purchase Price

$59,000

Down Payment

25%

Rent

$730

Total Return

$39,377

Annualized Return

28.5%

Cap Rate

8.6%

Gross Yield

14.8%

Cash Flow

$1,366

Appreciation

9.7%
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Features

Occupancy

Occupied

Lease Start

06/01/2019

Lease End

05/31/2021

Lot Size

4,792

HOA

None

Flood Risk

Not Required

  • This property is located in a county that may require a water inspection at buyer’s expense
  • Pet fee included in monthly rent of $30.00
  • Monthly appliance rental fee included in monthly rent of $35.00

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Annual Financial Highlights

Expected Rent

$8,322

Expenses

-$2,548

Property Taxes

-$1,200

Loan Payments

-$3,208

Net Cash Flow

$1,366

See more in Financials

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