608 E 4th St

Mishawaka, IN 46544
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6 bd, 3 ba | 2,592 sqft | Built in 1900

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List Price
$116,512

Initial Investment

$115,875

Purchase Price

$110,000

Down Payment

100%

Rent

$1,545

Total Return

$98,013

Annualized Return

14.9%

Cap Rate

10.0%

Gross Yield

16.9%

Cash Flow

$10,144

Appreciation

8.6%
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Features

Occupancy

Unspecified

Lease Start

01/24/2017

Lease End

12/31/2020

Property Type

Duplex

Lot Size

8,448

HOA

None

Flood Risk

Not Required

  • Duplex
  • Meets 1% rule
  • Stable tenant
  • Two blocks from St. Joseph river
  • Seller recently made repairs on home, view inspection documents for more info

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Annual Financial Highlights

Expected Rent

$17,613

Expenses

-$5,369

Property Taxes

-$2,100

Loan Payments

$0

Net Cash Flow

$10,144

See more in Financials

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