308 E 7th St

Mishawaka, IN 46544
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5 bd, 2 ba | 1,454 sqft | Built in 1940

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List Price
$69,512

Initial Investment

$69,209

Purchase Price

$68,000

Down Payment

100%

Rent

$900

Total Return

$53,485

Annualized Return

13.4%

Cap Rate

7.5%

Gross Yield

15.9%

Cash Flow

$4,477

Appreciation

8.6%
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Features

Occupancy

Occupied

Lease Start

04/01/2019

Lease End

03/31/2021

Lot Size

6,098

HOA

None

Flood Risk

Not Required

  • Roofstock Turnkey property
  • Click here to learn more about the Roofstock Turnkey program
  • This property is located in a county that may require a water inspection at buyer’s expense
  • Get more insight into this market here

MARKETS

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NEIGHBORHOOD

SCHOOLS

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Annual Financial Highlights

Expected Rent

$10,260

Expenses

-$3,083

Property Taxes

-$2,700

Loan Payments

$0

Net Cash Flow

$4,477

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