1439 E Bowman 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
Investment property for sale in South Bend at 1439 E Bowman St, South Bend, IN, 46613 uses $49,725 cash to close to unlock $2,985/yr annual cash flow and $249/mo monthly cash flow. Total monthly income runs $1,149/mo, and a $734/mo payment keeps the spread at $249/mo. Purchase price stands at $150,000, and rental yield measures 9.19% with $1,149/mo rent. Return on cash invested shows 25.91% in year one, and 5% annual appreciation builds toward $41,442 over five years. Five-year ROI reaches 134.82% and total cumulative return in cash records $67,038. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,149/mo property income covering a $734/mo payment rather than investor’s personal income.
Single Family
Built in 1900
4,791 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: Sheli Naumann • At Home Realty Group
Mls Name: IRMLS
Mls Provider:
Mls ID: #202508045
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.