1133 Milton StSouth BendIN46613
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeTight but positive: 1133 Milton St, South Bend, IN, 46613 in South Bend at $118,000 earns $928/mo in rent and nets $171/mo after the $531/mo payment, a 9.44% yield with limited short-term income headroom. The equity story offsets the thin monthly spread: 5% annual appreciation adds $32,601 over five years. Ziffy Mortgage underwrites this on a 1.75 DSCR without U.S. credit history. With $1,087/yr in principal paydown, total projected return reaches $55,860.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 9.4% | 5.8% |
| Monthly Cash Flow | $171 | $850 |
City averages based on South Bend market data in our database. Property projections are estimates.
DSCR Rental Loan Qualification
Qualifies using the property's rental income, not your personal income.
- ✓No W-2, pay stubs, or tax returns needed
- ✓Rental income qualifies you
- ✓Built for real estate investors
| Monthly Rental Income | $928 |
| Total Monthly Debt Service | $710 |
| DSCR Ratio | 1.31x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 1923
3,920 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46613, South Bend, IN area.
Housing Distribution
Housing Statistics
| 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 |
Housing Distribution
Address Breakdown
Residential
4,165
Single Family
4,021
Multi-Family
144
Businesses
257
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Single Family
Built in 1923
3,920 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46613, South Bend, IN area.
Housing Distribution
Housing Statistics
| 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 |
Housing Distribution
Address Breakdown
Residential
4,165
Single Family
4,021
Multi-Family
144
Businesses
257
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Maria D Soria Mireles • Cressy & Everett - South Bend
Mls Name: IRMLS
Mls Provider:
Mls ID: #202423781
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.