1115 Johnson St, South Bend, IN, 46628 | $216/mo Cash Flow

For Sale

Ziffy Mortgage

NMLS #2625701

Get Pre-Approved

Nearby investment properties with comparable rents

2 Bed
1 Bath
768 sft

1216 Edgewood Dr, South Bend, IN, 46616

2 Bed
1 Bath
820 sft

809 E Fairview Ave, South Bend, IN, 46614

3 Bed
1 Bath
1078 sft

1105 College St, South Bend, IN, 46628

Investment Property+ 1 more

3 Bed
1 Bath
1632 sft

1018 E 4th St, Mishawaka, IN, 46544

Nearby investment properties with comparable prices

3 Bed
1 Bath
1591 sft

1431 E Dayton St, South Bend, IN, 46613

3 Bed
2 Bath
1620 sft

51588 County Road 11, Elkhart, IN, 46514

3 Bed
2 Bath
1216 sft

1001 Mayflower Rd #205, South Bend, IN, 46619

3 Bed
2 Bath
1216 sft

1001 Mayflower Rd #5, South Bend, IN, 46619

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

Explore more listings using simple english

Investment Highlights

Investment property for sale in South Bend at 1115 Johnson St, South Bend, IN, 46628 offers a 9.34% rental yield on a $120,995 purchase with $942/mo rent. Total monthly income registers $942/mo, and a $592/mo payment leaves $216/mo available for distribution. Annual cash flow reaches $2,591/yr on $40,110 to close, and return on cash invested stands at 26.37% in year one. Equity gained on principal adds $781/yr while 5% annual appreciation supports $33,429 over five years. Portfolio math shows five-year ROI at 137.22% and total cumulative return in cash at $55,040. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $942/mo property income against a $592/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.

Single Family

Built in 1922

5,052 sqft lot

$N/A/sqft

No HOA