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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Investment property for sale in South Bend at 1120 E Dayton St, South Bend, IN, 46613 offers a 15.59% rental yield on a $122,000 purchase with $1,585/mo rent. Total monthly income registers $1,585/mo, and a $597/mo payment leaves $853/mo available for distribution. Annual cash flow reaches $10,233/yr on $40,443 to close, and return on cash invested stands at 45.21% in year one. Equity gained on principal adds $787/yr while 5% annual appreciation supports $33,706 over five years. Portfolio math shows five-year ROI at 238.29% and total cumulative return in cash at $96,371. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,585/mo property income against a $597/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1921
3,920 sqft lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 46613, South Bend, IN area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,533 (100%) |
| Owner Occupied HU | 1,996 (44.0%) |
| Renter Occupied HU | 1,893 (41.8%) |
| Vacant Housing Units | 644 (14.2%) |
| Median Home Value | $79,667 |
| Average Home Value | $120,797 |
Residential
4,165
Single Family
4,021
Multi-Family
144
Businesses
257
Date | Event | Price |
|---|---|---|
| 2024-12-12 | Sold | $122,000 |
| 2024-11-25 | Pending sale | $124,900 |
| 2024-10-31 | Price change | $124,900 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-10-31 | $952.48 | -0.74% | $133,500 | 54.51% |
| 2023-10-31 | $959.58 | 37.71% | $86,400 | N/A |
| 2022-10-31 | $696.80 | 19.05% | $86,400 | 34.58% |
Listed by: Drew Overmyer • At Home Realty Group
Mls Name: IRMLS
Mls Provider:
Mls ID: #202431803
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.
