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Price: $300K - 500K
Monthly Cash Flow: $1 - $3k+
Home Type: Single Family
Condo Investment Properties for Sale in Mishawaka, IN
Listed for sale today
$ 634,000
ROI
22.0
Cash Flow/m
328- 4 Bed
- 5 Bath
- 3293 sft
1432 S Lake George Dr, Mishawaka, IN, 46545
Listed for sale 5 days ago
$ 465,000
ROI
21.1Cash Flow/m
175- 3 Bed
- 3 Bath
- 2455 sft
3505 Sutton Dr #74, Mishawaka, IN, 46545
$ 295,000
ROI
27.6Cash Flow/m
642- 2 Bed
- 2 Bath
- 1219 sft
1124 Wellsley Ct, Mishawaka, IN, 46544
$ 269,000
ROI
22.0Cash Flow/m
166- 3 Bed
- 2 Bath
- 2456 sft
1018 Wheatstone Dr, 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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