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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 4 days ago
$ 165,000
ROI
28.8
Cash Flow/m
415- 2 Bed
- 1 Bath
- 864 sft
913 Berkley Cir, Mishawaka, IN, 46544
$ 395,000
ROI
20.5Cash Flow/m
81- 3 Bed
- 2 Bath
- 1994 sft
1527 Cedar Springs Ct, Mishawaka, IN, 46545
$ 275,000
ROI
20.5Cash Flow/m
60- 2 Bed
- 2 Bath
- 1110 sft
3602 Raleigh Ct, Mishawaka, IN, 46545
$ 269,900
ROI
23.9Cash Flow/m
310- 2 Bed
- 2 Bath
- 1501 sft
2021 Poppy Ct, 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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