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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
$ 327,500
ROI
27.4
Cash Flow/m
700- 3 Bed
- 2 Bath
- 2050 sft
5512 Zappia Dr, Mishawaka, IN, 46545
Listed for sale 2 days ago
$ 650,000
ROI
23.4Cash Flow/m
592- 4 Bed
- 5 Bath
- 3293 sft
1432 S Lake George Dr, Mishawaka, IN, 46545
Listed for sale 6 days ago
$ 277,900
ROI
21.9Cash Flow/m
163- 3 Bed
- 2 Bath
- 1996 sft
4605 Riversedge Dr, Mishawaka, IN, 46544
$ 124,900
ROI
23.1Cash Flow/m
116- 2 Bed
- 1 Bath
- 720 sft
812 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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