Wholesaler · Bremen, IN · Member since 2014 · 91 posts · 11 votes
We have another great property here, located in decent neighborhood of the Westside of South Bend. Property needs some TLC, but all plumbing, electrical and mechanicals are intact. This property has been well maintained, externally, and needs a light rehab inside. Kitchen and bath are outdated and need updating, but it isn't necessary for this property to cashflow since they are still in decent condition and functional. Property is currently vacant.
2 Bed / 1 Bath / 725 SqFt / 5550 SqFt Lot / Detached Garage / Built 1949
Here are the numbers, as a cash-flow property:
3117 W Dunham Street, South Bend, IN 46619
Our Price - $15,000
Rehab Cost - $5,000
Total Potential Monthly Income - $550
Yearly Income (Based on 1 month vacancy) - $6,050
Yearly Taxes - $755.30
Yearly Insurance - $600
Yearly Management/Maintenance Fees - $1,210
Yearly NOI - $3,484.70
ROI/Cash On Cash - 17.4%
Professional management and rehab services are available. Serious cash buyer inquiries only please.