1429 Howard StSouth BendIN46617
INVESTMENT ANALYSIS
Investment Verdict
Income-ProducingSteady, low-maintenance, and fundable: 1429 Howard St, South Bend, IN, 46617 in South Bend at $739,006. Rental yield 6.22%. The 6.22% yield and 1.15 DSCR put this right in the range Ziffy Mortgage approves for non-U.S. investors without W-2s or domestic credit. Appreciation at 5%/yr is projected to add $204,174 by year five, and $6,806/yr in principal reduction steadily grows the investor's stake. Total projected cumulative return: $228,798.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 6.2% | 5.8% |
| Monthly Cash Flow | $(803) | $850 |
City averages based on South Bend market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $3,833 |
| Total Monthly Debt Service | $4,342 |
| DSCR Ratio | 0.88x |
Ziffy Mortgage typically prefers a DSCR of 1.0+, but in some cases you may qualify with a DSCR below 1. To explore if this deal qualifies for an investment mortgage, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 2024
4,930 sqft lot
$N/A/sqft
$200 monthly 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
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
Single Family
Built in 2024
4,930 sqft lot
$N/A/sqft
$200 monthly 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Chris E Sieradzki • Century Realty
Mls Name: IRMLS
Mls Provider:
Mls ID: #202434129
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.