3101 Vine St
South Bend, IN 46615
List Price
$97,062
Initial Investment
$89,359Purchase Price
$86,000
Down Payment
100%
Rent
$1,550
Total Return
$87,862
Annualized Return
17.3%
Cap Rate
12.5%
Gross Yield
21.6%
Cash Flow
$9,890
Appreciation
8.5%
Reset to DefaultEdit Assumptions
Features
Occupancy
Unspecified
Lease Start
11/19/2015
Lease End
03/31/2019
Property Type
Duplex
Lot Size
5,227
HOA
None
Flood Risk
Not Required
- Lower unit is month to month lease; long term tenant with excellent payment history
- Upper unit new tenant with lease through 3/2021
- Near Indiana University South Bend
- MTM fee added in monthly rent of $75
- Seller recently made repairs on home, view inspection documents for more info
- Duplex zoned as 510-residential single family dwelling
See more in Analysis
Annual Financial Highlights
Expected Rent
$17,670Expenses
-$6,080Property Taxes
-$1,700Loan Payments
$0Net Cash Flow
$9,890See more in Financials
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