$23,000 "ALL-IN" - Bungalow With Great Potential! - 16% ROI

[Jason Richardson]

We have another Bungalow-styled house that has great potential. Located in the Unite neighborhood of South Bend, this property is close to schools, shopping and restaurants. Siding on property needs to be finished, but a good portion of it is complete. The inside looks worse than it really is. The kitchen has been stripped down to the lath, and is ready to have a brand new kitchen dropped in. The majority of the hard work has already been taken care of here. Bathroom needs some work as well, but will be fairly easy to finish. The remainder of the work needed is flooring, paint and lighting. Furnace is approximately 10 years old. Needs a water heater and some plumbing work. Roof is in excellent condition.

This deal won't last! Contact us now!

3 Bed / 1 Bath / 864 SqFt / 5280 SqFt Lot / Det. Garage / Built 1912

1209 E Indiana Ave, South Bend, IN 46613

C Class Neighborhood

Here are the numbers, as a cash-flow property:

Our Price - $15,000

Monthly Income - $625

Yearly Income (Includes 1mo Vacancy) - $6,875

Yearly Taxes - $1,215.26

Yearly Insurance - $600

Yearly Management/Maintenance Fees - $1,376

Yearly NOI - $3,684.74

Estimated Rehab Cost - $8,000

All-In Cost - $23,000

ROI/Cash On Cash - 16%

Professional management and rehab services are available. Serious cash buyer inquiries only please. Email for more information. 

More photos available at: http://www.jjinvestmentscompany.com/#!1209eindianaave/kgugt