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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 1631 S Scott St, South Bend, IN, 46613 uses $38,951 cash to close to unlock $2,169/yr annual cash flow and $181/mo monthly cash flow. Total monthly income runs $886/mo, and a $575/mo payment keeps the spread at $181/mo. Purchase price stands at $117,500, and rental yield measures 9.05% with $886/mo rent. Return on cash invested shows 25.48% in year one, and 5% annual appreciation builds toward $32,463 over five years. Five-year ROI reaches 132.48% and total cumulative return in cash records $51,602. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $886/mo property income covering a $575/mo payment rather than investor’s personal income.
Single Family
Built in 1910
4,356 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: Leigh Holland • Cressy & Everett- Elkhart
Mls Name: IRMLS
Mls ID: #202535017
