2618 W Colfax Ave, South Bend, IN 46619

This property is going to be a cash-flow giant for its new owner. This five bedroom, two full bath, home 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 easily 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 Ave, 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 All-In Cost - $27,000 ROI/Cash On Cash (Includes Rehab) - 18.1% Professional management and rehab services are available. Rehab is estimated per our discounted cost to rehab due to relationships we have created with service and product suppliers, and is only estimated for rent-ready condition. Serious cash buyer inquiries only please.