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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% |
Rental property for sale in South Bend at 1167 E Indiana Ave, South Bend, IN, 46613 offers $784/mo rent that, after a $489/mo payment, leaves $180/mo cash flow. Total monthly income is $784/mo, and annual cash flow is $2,163/yr on $33,150 cash. Return on cash invested measures 26.43% in year one, and rental yield stands at 9.41% at a $100,000 entry. Equity gained on principal adds $645/yr while 5% annual appreciation compounds into $27,628 by year five. Five-year ROI records 137.75% and total cumulative return in cash reaches $45,664. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $784/mo property income versus a $489/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1911
5,227 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 |
|---|---|---|
| 2024-10-17 | Listed for sale | $100,000 |
| 2017-07-28 | Listing removed | $27,208 |
| 2017-07-21 | Listed for sale | N/A |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-11-19 | $877.06 | -37.65% | $78,900 | N/A |
| 2022-11-19 | $1406.58 | 115.50% | $78,900 | 34.64% |
| 2021-11-19 | $652.72 | -40.88% | $58,600 | 115.44% |
Listed by: Cheryl Erb • Berkshire Hathaway HomeServices Elkhart
Mls Name: IRMLS
Mls Provider:
Mls ID: #202440369
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.
