2005 Prairie Ave, South Bend, IN, 46613 | $451/mo Cash Flow

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

Home Type: Single Family

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2005 Prairie Ave, South Bend, IN, 46613 | $451/mo Cash Flow | Ziffy

For Sale

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Investment property for sale in South Bend at 2005 Prairie Ave, South Bend, IN, 46613 listed at $126,900 pairs $1,213/mo rent with a $621/mo payment to leave $451/mo cash flow. Total monthly income runs $1,213/mo, and annual cash flow reaches $5,416/yr on $42,067 cash to close. Return on cash invested measures 32.78% in year one, and rental yield registers 11.47% 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 171.7% and total cumulative return in cash totals $72,229. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,213/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

More details about the property

Welcome to this charming home. Conveniently located near schools, parks, shopping and dining. Many expensive updates transformed this house into a beautiful first time home with everything you need to start a new life chapter. Featuring a completely remodeled bathroom and a lovely renovated kitchen that includes all the kitchen appliances including a new refrigerator. The enclosed front porch gives you a warm welcome as you enter the house. While in the full basement you will find at least two additional rooms for extra storage or even more living space since your laundry area will be found on the main floor. Washer and dryer are included. Most of the windows around the house were replaced with new ones. House also has all new: floors, electrical panel and light fixtures throughout the house. This house features a walk in attic, a full basement, and a cute private fenced backyard. Welcome home.

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