122 E Indiana AveSouth BendIN46613
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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
Rental property for sale in South Bend at 122 E Indiana Ave, South Bend, IN, 46613 priced at $124,000 pairs $932/mo rent with $188/mo cash flow after a $607/mo payment. Total monthly income equals $932/mo, and annual cash flow comes to $2,251/yr on $41,106 invested. Return on cash invested is 25.38% in year one, and rental yield stands at 9.02% on a $124,000 basis. Equity gained on principal adds $800/yr, and 5% annual appreciation accumulates to $34,259 by year five. Five-year ROI measures 131.99% and total cumulative return in cash reaches $54,255. For financing, Ziffy Mortgage’s DSCR program evaluates $932/mo property income against a $607/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1910
5,445 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
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Listed by: Tyler Milliman • Lewis & Lambright Inc
Mls Name: IRMLS
Mls ID: #202533141