127 E Oakside St, South Bend, IN, 46614 | $931/mo Cash Flow

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127 E Oakside St, South Bend, IN, 46614 | $931/mo Cash Flow | Ziffy

For Sale

Rental Income

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Investment property for sale in South Bend at 127 E Oakside St, South Bend, IN, 46614 offers a 13.98% rental yield on a $165,000 purchase with $1,922/mo rent. Total monthly income registers $1,922/mo, and a $808/mo payment leaves $931/mo available for distribution. Annual cash flow reaches $11,173/yr on $54,698 to close, and return on cash invested stands at 40.34% in year one. Equity gained on principal adds $1,065/yr while 5% annual appreciation supports $45,586 over five years. Portfolio math shows five-year ROI at 212.24% and total cumulative return in cash at $116,087. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,922/mo property income against a $808/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.

Single Family

Built in 1927

4,791 sqft lot

$N/A/sqft

No HOA

More details about the property

This updated and move in ready duplex presents a great opportunity for both investors looking for immediate cash flow or a savvy home owner looking to reduce their monthly payment. The first floor is 1200 square feet with 3 bedrooms and a large front porch. Kitchen and bath floors are tiled with carpet in the bedrooms and hardwood floors in the formal dining room and into the living room with fireplace. The upstairs unit is 600 square foot 1 bedroom with formal dining room. Basement is clean and dry with new water heater in 2016 and new furnace and air conditioner in 2017. Windows and siding were done in 2007 and roof is new from 2024. Seller is open to conventional,VA, and FHA offers - schedule your showing today!

Neighborhood Data

Neighborhood data shown for ZIP Code: 46614, South Bend, IN area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	13,675 (100%)
Owner Occupied HU	9,722 (71.1%)
Renter Occupied HU	3,210 (23.5%)
Vacant Housing Units	743 ( 5.4%)
Median Home Value	$219,724
Average Home Value	$250,540