2005 Prairie AveSouth 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 2005 Prairie Ave, South Bend, IN, 46613 listed at $126,900 pairs $994/mo rent with a $621/mo payment to leave $232/mo cash flow. Total monthly income runs $994/mo, and annual cash flow reaches $2,788/yr on $42,067 cash to close. Return on cash invested measures 26.54% in year one, and rental yield registers 9.4% at a $126,900 basis. Equity gained on principal adds $819/yr, and annual property appreciation at 5% supports $35,060 by year five. Five-year ROI tracks 138.24% and total cumulative return in cash totals $58,153. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $994/mo property income relative to a $621/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1929
5,227 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: Mirian Ortiz Cardoso • Berkshire Hathaway HomeServices Elkhart
Mls Name: IRMLS
Mls ID: #202540757