406 E Lawrence St Mishawaka, IN 46545
5bd, 2ba | 1,731sqft | Built in 1900
investment property - 406 E Lawrence St, Mishawaka, IN 46545, St Joseph - image 0
Expand
investment property - 406 E Lawrence St, Mishawaka, IN 46545, St Joseph - image 0
investment property - 406 E Lawrence St, Mishawaka, IN 46545, St Joseph - image 1
investment property - 406 E Lawrence St, Mishawaka, IN 46545, St Joseph - image 2
List Price
$99,950
Initial Investment : $101,449
Purchase Price
$99,950
Down Payment
100%
Rent
$1,040

Total Return
$46,301
Annualized Return
8.9%
Cap Rate
8.0%
Gross Yield
12.5%
Cash Flow
$7,395
Appreciation
2.4%
Features
Occupancy
Month To Month
Lease Start
04/11/2018 
Lease End
M/M
Property Type
Duplex
Lot Size
4,158 
HOA
None
Flood Risk
Not Required
  • This property is located in a county that may require a water inspection at buyer’s expense

Annual Financial Highlight
Expected Rent
$11,856
Expenses
-$3,061
Property Taxes
-$1,400
Loan Payments
$0

Net Cash Flow
$7,395
Considerations
Property Characteristics    View Details



Inspection Contingency
This home will be inspected after the offer is accepted and prior to closing, during which time you can negotiate price or repairs based on the inspector's findings or cancel the contract. If any prior inspection reports are available, you'll find them in the Diligence Documents (Analysis tab).  If the latest inspection report is more than 4 months old, the home will be listed with an inspection contingency.
  • This property will be professionally inspected before closing.
  • You’ll have the opportunity to negotiate a lower price or repairs if any issues are identified during the inspection process.
  • Your earnest money deposit will be refunded if you cancel the transaction before the inspection contingency termination date.
  • Roofstock will let you know whether the property passes Roofstock Certification. If it fails, and you choose to carry on with the transaction, the Roofstock Guarantee will no longer apply unless issues are resolved prior to closing. 

Property Management   

Why choose?

From repairs and maintenance to communicating with tenants, our preferred property management teams protect your assets and keep things running smoothly.

BESbswy