1237 E Ewing 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
Investment property for sale in South Bend at 1237 E Ewing Ave, South Bend, IN, 46613 at $196,000 posts ROI 30.87% with $594/mo cash flow from $1,788/mo rent. Total monthly income equals $1,788/mo, and annual cash flow records $7,124/yr on $64,974 to close. Return on cash invested measures 30.87% and rental yield reads 10.95% at the current $196,000. Equity gained on principal adds $1,265/yr, and 5% annual appreciation supports $54,151 by year five. Five-year ROI prints 161.53% and total cumulative return in cash totals $104,952.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $1,788/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1924
4,356 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: America Martinez • Cressy & Everett- Elkhart
Mls Name: IRMLS
Mls Provider:
Mls ID: #202441307
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.