821 W 3rd St # 823

Mishawaka, IN 46544
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5 bd, 2 ba | 1,560 sqft | Built in 1921

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List Price
$123,000

Initial Investment

$34,029

Purchase Price

$110,000

Down Payment

25%

Rent

$1,285

Total Return

$64,986

Annualized Return

26.2%

Cap Rate

8.5%

Gross Yield

14.0%

Cash Flow

$2,632

Appreciation

8.6%
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Features

Occupancy

Occupied

Lease Start

10/15/2019

Lease End

10/14/2020

Property Type

Duplex

Lot Size

6,534

HOA

None

Flood Risk

Not Required

  • This property is located in a county that may require a water inspection at buyer’s expense
  • Both the units are occupied
  • Filter fee added to monthly rent of $15

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Annual Financial Highlights

Expected Rent

$14,649

Expenses

-$4,137

Property Taxes

-$1,900

Loan Payments

-$5,980

Net Cash Flow

$2,632

See more in Financials

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