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Price: $300K - 500K
Monthly Cash Flow: $1 - $3k+
Home Type: Single Family
Condo Investment Properties for Sale in Mishawaka, IN
$ 246,000
ROI
31.7
Cash Flow/m
816- 2 Bed
- 2 Bath
- 1924 sft
2022 Poppy Ct, Mishawaka, IN, 46544
$ 342,900
ROI
23.5Cash Flow/m
361- 3 Bed
- 3 Bath
- 2116 sft
1353 Bridge Water Way #D-7, Mishawaka, IN, 46545
$ 399,900
ROI
20.5Cash Flow/m
79- 2 Bed
- 2 Bath
- 1923 sft
832 Dublin Dr #16, Mishawaka, IN, 46545
$ 149,000
ROI
29.6Cash Flow/m
410- 2 Bed
- 1 Bath
- 888 sft
1405 Berkley Cir, Mishawaka, IN, 46544
Why Invest in Mishawaka, Indiana?
Mishawaka, IN offers strong opportunities for condo investors seeking stable cash flow in an affordable market. With average home values around $197K and steady 2.6% annual appreciation, condos here deliver solid rental yields. Renter occupancy exceeds 35%, supported by proximity to South Bend's job centers. Cap rates hover around 7%, making it attractive for passive income strategies. Recent housing price index growth to 323 confirms sustained demand.
8.5%
Avg. ROI
6.8%
Rental Yield
7.2%
Cap Rate
$450/mo
Avg. Cash Flow
$1174/mo
Avg. Rent
2.6%
1Y Appreciation
Frequently Asked Questions
Yes, condos offer 6-7% rental yields with stable appreciation around 2.6% annually. High renter occupancy and proximity to jobs make them reliable for cash flow. Low entry prices under $200K enhance ROI potential.
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