201 Indiana Ave

Mishawaka, IN 46544
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6 bd, 4 ba | 2,432 sqft | Built in 1909

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List Price
$159,900

Initial Investment

$44,283

Purchase Price

$153,108

Down Payment

25%

Rent

$1,780

Total Return

$89,548

Annualized Return

26.8%

Cap Rate

7.9%

Gross Yield

14.0%

Cash Flow

$2,912

Appreciation

8.6%
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Features

Occupancy

Occupied

Lease Start

05/25/2018

Lease End

05/31/2020

Property Type

Duplex

Lot Size

5,662

HOA

None

Flood Risk

Not Required

  • Duplex, leased through 5/31/2020 and 7/31/2021
  • Attractive cap rate
  • Walking distance to Mishawaka High School
  • Appliance rental fee included in monthly rent of $50

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Annual Financial Highlights

Expected Rent

$20,292

Expenses

-$5,556

Property Taxes

-$3,500

Loan Payments

-$8,324

Net Cash Flow

$2,912

See more in Financials

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