1815 Sherman AveSouth BendIN46616
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 1815 Sherman Ave, South Bend, IN, 46616 listed at $160,000 pairs $1,611/mo rent with a $783/mo payment to leave $651/mo cash flow. Total monthly income runs $1,611/mo, and annual cash flow reaches $7,808/yr on $53,040 cash to close. Return on cash invested measures 34.63% in year one, and rental yield registers 12.08% at a $160,000 basis. Equity gained on principal adds $1,032/yr, and annual property appreciation at 5% supports $44,205 by year five. Five-year ROI tracks 181.56% and total cumulative return in cash totals $96,302. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,611/mo property income relative to a $783/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1916
6,534 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46616, South Bend, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,887 (100%) |
| Owner Occupied HU | 1,445 (50.1%) |
| Renter Occupied HU | 1,103 (38.2%) |
| Vacant Housing Units | 339 (11.7%) |
| Median Home Value | $164,220 |
| Average Home Value | $197,168 |
Housing Distribution
Address Breakdown
Residential
2,531
Single Family
2,351
Multi-Family
180
Businesses
63
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Jennifer Lillie • Cressy & Everett - South Bend
Mls Name: IRMLS
Mls ID: #202600076