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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Investment property for sale in South Bend at 1450 Miner St, South Bend, IN, 46617 offers a 8.84% rental yield on a $205,000 purchase with $1,511/mo rent. Total monthly income registers $1,511/mo, and a $1,003/mo payment leaves $180/mo available for distribution. Annual cash flow reaches $2,160/yr on $67,958 to close, and return on cash invested stands at 23.09% in year one. Equity gained on principal adds $1,323/yr while 5% annual appreciation supports $56,638 over five years. Portfolio math shows five-year ROI at 120.28% and total cumulative return in cash at $81,738. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,511/mo property income against a $1,003/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1941
5,227 sqft lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 46617, South Bend, IN area.
| 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 |
Residential
4,804
Single Family
3,675
Multi-Family
1,129
Businesses
341
Date | Event | Price |
|---|---|---|
| 2025-08-25 | Sold | $205,000 |
| 2025-07-27 | Pending sale | $210,000 |
| 2025-07-22 | Listed for sale | $210,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-10-24 | $2910.86 | 50.12% | $136,200 | 11.55% |
| 2023-10-24 | $1938.96 | 144.59% | $122,100 | 51.11% |
| 2022-10-24 | $792.74 | 28.47% | $80,800 | 12.53% |
Listed by: Paul W Thurston • Open Door Realty, Inc
Mls Name: IRMLS
Mls Provider:
Mls ID: #202528621
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.
