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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 2 days ago
$ 274,900
ROI
20.5
Cash Flow/m
59- 2 Bed
- 3 Bath
- 1940 sft
215 Terry Ln, Mishawaka, IN, 46544
$ 174,900
ROI
25.0Cash Flow/m
253- 2 Bed
- 1 Bath
- 996 sft
1707 Lowell Wood St, Mishawaka, IN, 46545
$ 229,900
ROI
25.1Cash Flow/m
340- 2 Bed
- 2 Bath
- 1360 sft
1011 Wheatstone Dr, Mishawaka, IN, 46544
$ 135,000
ROI
21.8Cash Flow/m
78- 2 Bed
- 1 Bath
- 864 sft
1002 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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