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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 19870 Detroit Ave, South Bend, IN, 46614 earns $492/mo cash flow from $1,362/mo rent with a $709/mo payment. Total monthly income totals $1,362/mo, and annual cash flow totals $5,909/yr on $48,034 capital. ROI tracks 32.21% on current figures, and rental yield reads 11.28% at a $144,900 purchase. Equity gained on principal adds $935/yr, and 5% annual appreciation supports $40,033 over five years. Five-year ROI reaches 168.63% and total cumulative return in cash sums $81,001. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,362/mo property income instead of your personal income.
Single Family
Built in 1942
6,969 sqft lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 46614, South Bend, IN area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,675 (100%) |
| Owner Occupied HU | 9,722 (71.1%) |
| Renter Occupied HU | 3,210 (23.5%) |
| Vacant Housing Units | 743 ( 5.4%) |
| Median Home Value | $219,724 |
| Average Home Value | $250,540 |
Residential
13,174
Single Family
11,556
Multi-Family
1,618
Businesses
438
Date | Event | Price |
|---|---|---|
| 2024-10-03 | Listed for sale | $144,900 |
| 2020-03-31 | Sold | $90,000 |
| 2019-12-29 | Listed for sale | $95,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-10-16 | $743.68 | 19.15% | $99,200 | 1.33% |
| 2022-10-16 | $624.18 | 71.59% | $97,900 | 14.91% |
| 2021-10-16 | $363.76 | 16.78% | $85,200 | 33.75% |
Listed by: Tim D McKinnies • McKinnies Realty, LLC
Mls Name: IRMLS
Mls Provider:
Mls ID: #202438290
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.
