1312 W Washington StSouth BendIN46601
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 1312 W Washington St, South Bend, IN, 46601 uses $55,957 cash to close to unlock $8,627/yr annual cash flow and $719/mo monthly cash flow. Total monthly income runs $1,732/mo, and a $826/mo payment keeps the spread at $719/mo. Purchase price stands at $168,800, and rental yield measures 12.31% with $1,732/mo rent. Return on cash invested shows 35.33% in year one, and 5% annual appreciation builds toward $46,636 over five years. Five-year ROI reaches 185.27% and total cumulative return in cash records $103,672. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,732/mo property income covering a $826/mo payment rather than investor’s personal income.
Single Family
Built in 1998
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46601, South Bend, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,926 (100%) |
| Owner Occupied HU | 518 (17.7%) |
| Renter Occupied HU | 1,844 (63.0%) |
| Vacant Housing Units | 564 (19.3%) |
| Median Home Value | $156,964 |
| Average Home Value | $180,471 |
Housing Distribution
Address Breakdown
Residential
2,428
Single Family
1,533
Multi-Family
895
Businesses
597
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Listed by: N/A • N/A
Mls Name: Zillow Rentals
Mls ID: #N/A