All Forum Posts by: Jason Richardson

We have a 2 Bed / 1 Bath Cape Cod style house, with a detached garage, located on a very quiet dead end street. This is a true turn-key property, and a wonderful investment opportunity. The home is in good condition and has good long term tenants of 6 years! The tenants intend on staying in the property, making this an immediate cash flowing property. We would like to stress that the current tenants have maintained the property very well, and are proud of their home. This property is a steal at this price!

2 Bed / 1 Bath / 950 SqFt / 6000 SqFt Lot / Detached Garage / Built 1951

2814 Humbolt St, South Bend, IN 46628

C Class Neighborhood

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

Our Price - $26,000

Monthly Income - $600

Yearly Income (Includes 1mo Vacancy) - $6,600

Yearly Taxes - $493.94

Yearly Insurance - $600

Yearly Management/Maintenance Fees - $1,440

Yearly NOI - $4,186.06

All-In Cost - $26,000

ROI/Cash On Cash - 16.1%

Professional management and rehab services are available. Serious cash buyer inquiries only please. Please visit our website address (below) for additional photos for this, and all our available properties.

Email for more information.

We have a 3 Bed / 1 Bath Bungalow style house for sale in a quiet family friendly neighborhood. It is located on Vernon Street next to the newly constructed Lincoln Elementary School, as well as a playground, making it an ideal family location. The house does need some work, though it is a light cosmetic rehab. There is a full basement running the whole length of the house, and a 1 car detached garage. Property is currently vacant. We are asking $20,000 for this property, with an 19.4% ROI.

3 Bed / 1 Bath / 768 SqFt / 5280 SqFt Lot / Detached Garage / Built 1948

1827 S Vernon St, South Bend, IN 46613

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

Purchase Price - $20,000

Rehab Cost Estimation - $3,000

Monthly Income - $650

Yearly Income (Including 1mo Vacancy) - $7,150

Yearly Taxes - $653.36

Yearly Insurance - $600

Yearly Management/Maintenance Fees - $1,430

Yearly NOI - $4466.64

All-In Cost - $23,000

ROI/Cash On Cash (Includes Rehab) - 19.4%

Professional management and rehab services are available. Serious cash buyer inquiries only please. Please visit our website address (below) for additional photos for this, and all our available properties.

Email for more information.

Hello Everyone,

Sorry, but the "Street" is a typo, and should be "Avenue". This address is 2618 W Colfax Ave. All other info is correct.

Thanks,

Jason

 Patrice, 

We do offer in-house property management and rehab services. Distance really isn't an issue if you are willing to look past it and see the potential. We work with mainly out of area investors, like you. Let me know if this makes a difference in your decision.

Thanks,

Jason

Price Drop = $13,000

New Numbers Below:

Our Price - $13,000

Rehab Cost - $3,750

Monthly Income - $625

Yearly Income (Based on a 1 month vacancy) - $6,875

Yearly Taxes - $540.98

Yearly Insurance - $600

Yearly Management/Maintenance Fees - $1,375

Yearly NOI - $4,359.02

All-In Cost - $16,750

ROI/Cash On Cash (Includes Rehab) - 26%

Contact Us If Interested

This property is still available. Please contact with any interest.

Additional Photos:

511 N Brookfield St

 Owner's wife is sick, and so he needs to cash out. He hasn't been using it as a real rental, as it should be, but has just been a project house while his son lives there.

This property is going to be a cash-flow giant for its new owner. This five bedroom, two full bath, home that sits on three lots is perfect for a large family looking for some space. In the past three years a new roof, new mechanicals (including a furnace and water heater), new electric service and new plumbing were installed. A light cosmetic rehab is needed, but it won’t take much to get this property cash-flowing like crazy. With professional property management available, it will make a great passive investment for an out-of-area buyer looking for something turn-key. Let your money go to work for you with this fantastic deal.

5 Bed / 2 Bath / 2008 SqFt / 13161 SqFt Total Lot / No Garage / Built 1913

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

2618 W Colfax Street, South Bend, IN 46619

Our Price - $22,000

Rehab Cost - $5,000

Total Potential Monthly Income - $800

Yearly Income (Based on 1 month vacancy) - $8,800

Yearly Taxes - $1,557.34

Yearly Insurance - $600

Yearly Management/Maintenance Fees - $1,760

Yearly NOI - $4,882.66

ROI/Cash On Cash - 18.1%

Professional management and rehab services are available. Serious cash buyer inquiries only please.

Email for more information.

This package is still available. Bring your buyers, and make an offer! 

Serious inquiries only. Email for more information.

This property has been sold! Thank you to everyone who looks at our ads!