1250 Woodlawn BlvdSouth BendIN46616
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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 1250 Woodlawn Blvd, South Bend, IN, 46616 offers a 12.82% rental yield on a $137,500 purchase with $1,469/mo rent. Total monthly income registers $1,469/mo, and a $673/mo payment leaves $644/mo available for distribution. Annual cash flow reaches $7,723/yr on $45,581 to close, and return on cash invested stands at 36.85% in year one. Equity gained on principal adds $887/yr while 5% annual appreciation supports $37,989 over five years. Portfolio math shows five-year ROI at 193.51% and total cumulative return in cash at $88,205. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,469/mo property income against a $673/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1959
7,405 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46616, South Bend, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,887 (100%) |
| Owner Occupied HU | 1,445 (50.1%) |
| Renter Occupied HU | 1,103 (38.2%) |
| Vacant Housing Units | 339 (11.7%) |
| Median Home Value | $164,220 |
| Average Home Value | $197,168 |
Housing Distribution
Address Breakdown
Residential
2,531
Single Family
2,351
Multi-Family
180
Businesses
63
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Listed by: Eli Skinner • Key Realty Indiana
Mls Name: MIBOR as distributed by MLS GRID
Mls ID: #22055998