2005 W 6th St

Mishawaka, IN 46544
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4 bd, 1 ba | 2,236 sqft | Built in 1935

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List Price
$76,902

Initial Investment

$18,494

Purchase Price

$66,500

Down Payment

25%

Rent

$935

Total Return

$38,892

Annualized Return

27.3%

Cap Rate

8.1%

Gross Yield

16.9%

Cash Flow

$1,125

Appreciation

8.6%
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Features

Occupancy

Occupied

Lease Start

10/02/2018

Lease End

10/31/2020

Lot Size

5,227

HOA

None

Flood Risk

Not Required

  • Roofstock Turnkey property
  • Free 1 year home warranty through American Home Shield paid by Seller
  • Go to join.roofstock.com/turnkey to learn more about the Roofstock Turnkey program ($625 value)
  • This property is located in a county that may require a water inspection at buyer’s expense
  • Appliance rental fee included in monthly rent of $50.00 for stove and refrigerator

MARKETS

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NEIGHBORHOOD

SCHOOLS

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Annual Financial Highlights

Expected Rent

$10,659

Expenses

-$3,819

Property Taxes

-$2,100

Loan Payments

-$3,615

Net Cash Flow

$1,125

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