1814 S Douglas 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 1814 S Douglas St, South Bend, IN, 46613 uses $48,068 cash to close to unlock $9,579/yr annual cash flow and $798/mo monthly cash flow. Total monthly income runs $1,669/mo, and a $710/mo payment keeps the spread at $798/mo. Purchase price stands at $145,000, and rental yield measures 13.81% with $1,669/mo rent. Return on cash invested shows 39.84% in year one, and 5% annual appreciation builds toward $40,061 over five years. Five-year ROI reaches 209.52% and total cumulative return in cash records $100,712. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,669/mo property income covering a $710/mo payment rather than investor’s personal income.
Single Family
Built in 1921
5,662 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: Jeremy W Doerr • Re/Max Partners
Mls Name: IRMLS
Mls Provider:
Mls ID: #202522679
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.