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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 1726 Catalpa Ave, South Bend, IN, 46613 generates $1,400/mo in rent and, after a $534/mo payment, leaves $626/mo in cash flow. Total monthly income is $1,400/mo, and annual cash flow is $7,514/yr on $36,134 invested. Return on cash invested sits at 40.71% in year one, and rental yield is 15.41% on a $109,000 entry. Equity gained on principal adds $703/yr, while 5% annual appreciation builds toward $30,115 over five years. Five-year ROI reaches 215.69% and total cumulative return in cash sums $77,938. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,400/mo property income rather than buyer’s personal income.
Single Family
Built in 1922
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 |
|---|---|---|
| 2024-12-23 | Sold | $109,000 |
| 2024-11-22 | Pending sale | $109,000 |
| 2024-11-20 | Price change | $109,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-10-31 | $2332.64 | 25.94% | $97,400 | 0.10% |
| 2023-10-31 | $1852.16 | 25.55% | $97,300 | 27.02% |
| 2022-10-31 | $1475.18 | 18.64% | $76,600 | 25.57% |
Listed by: Dennis Bamber • Cressy & Everett- Elkhart
Mls Name: IRMLS
Mls Provider:
Mls ID: #202422135
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.
