1052 Portage AveSouth BendIN46616
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Ziffy AI Summary
A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
- Attractive rent-to-price ratio for income stability
- Good fit for DSCR financing with healthy coverage
Investment Highlights
Investment property for sale in South Bend at 1052 Portage Ave, South Bend, IN, 46616 listed at $359,900 pairs $3,413/mo rent with a $1,762/mo payment to leave $1,252/mo cash flow. Total monthly income runs $3,413/mo, and annual cash flow reaches $15,025/yr on $119,307 cash to close. Return on cash invested measures 32.5% in year one, and rental yield registers 11.38% at a $359,900 basis. Equity gained on principal adds $2,322/yr, and annual property appreciation at 5% supports $99,434 by year five. Five-year ROI tracks 170.15% and total cumulative return in cash totals $203,006. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $3,413/mo property income relative to a $1,762/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1902
5,227 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46616, South Bend, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,887 (100%) |
| Owner Occupied HU | 1,445 (50.1%) |
| Renter Occupied HU | 1,103 (38.2%) |
| Vacant Housing Units | 339 (11.7%) |
| Median Home Value | $164,220 |
| Average Home Value | $197,168 |
Housing Distribution
Address Breakdown
Residential
2,531
Single Family
2,351
Multi-Family
180
Businesses
63
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Listed by: Drew Overmyer • At Home Realty Group
Mls Name: IRMLS
Mls ID: #202540928