131 E Fox StSouth 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 131 E Fox St, South Bend, IN, 46613 priced at $113,900 converts $878/mo rent into $195/mo cash flow after a $557/mo obligation. Total monthly income equals $878/mo, and annual cash flow totals $2,337/yr on $37,758 invested. Return on cash invested prints 26.1% in year one, and rental yield reads 9.25% against a $113,900 entry. Equity gained on principal adds $735/yr, while 5% annual appreciation compiles into $31,468 by year five. Five-year ROI reaches 135.83% and total cumulative return in cash sums $51,288. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $878/mo property income covering a $557/mo payment, not borrower’s personal income.
Single Family
Built in 1907
3,920 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: Brett Boomhower • Milestone Realty, LLC
Mls Name: IRMLS
Mls ID: #202544176