1245 E Madison StSouth BendIN46617
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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 1245 E Madison St, South Bend, IN, 46617 uses $59,670 cash to close to unlock $6,342/yr annual cash flow and $529/mo monthly cash flow. Total monthly income runs $1,609/mo, and a $881/mo payment keeps the spread at $529/mo. Purchase price stands at $180,000, and rental yield measures 10.73% with $1,609/mo rent. Return on cash invested shows 30.54% in year one, and 5% annual appreciation builds toward $49,731 over five years. Five-year ROI reaches 159.63% and total cumulative return in cash records $95,249. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,609/mo property income covering a $881/mo payment rather than investor’s personal income.
Single Family
Built in 1916
7,405 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46617, South Bend, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,952 (100%) |
| Owner Occupied HU | 2,445 (41.1%) |
| Renter Occupied HU | 2,305 (38.7%) |
| Vacant Housing Units | 1,202 (20.2%) |
| Median Home Value | $267,663 |
| Average Home Value | $323,517 |
Housing Distribution
Address Breakdown
Residential
4,804
Single Family
3,675
Multi-Family
1,129
Businesses
341
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Listed by: Kimberly Clingenpeel • Cressy & Everett - South Bend
Mls Name: IRMLS
Mls Provider:
Mls ID: #202533913
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.