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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% |
Rental property for sale in South Bend at 1516 E Fox St, South Bend, IN, 46613 priced at $117,500 converts $937/mo rent into $232/mo cash flow after a $575/mo obligation. Total monthly income equals $937/mo, and annual cash flow totals $2,781/yr on $38,951 invested. Return on cash invested prints 27.05% in year one, and rental yield reads 9.57% against a $117,500 entry. Equity gained on principal adds $758/yr, while 5% annual appreciation compiles into $32,463 by year five. Five-year ROI reaches 140.92% and total cumulative return in cash sums $54,890. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $937/mo property income covering a $575/mo payment, not borrower’s personal income.
Single Family
Built in 1949
5,227 sqft lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 46613, South Bend, IN area.
| 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 |
Residential
4,165
Single Family
4,021
Multi-Family
144
Businesses
257
Date | Event | Price |
|---|---|---|
| No price history data available | ||
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| No tax history data available | ||||
Listed by: Drew Overmyer • At Home Realty Group
Mls Name: IRMLS
Mls ID: #202542217
