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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% |
Rental property for sale in South Bend at 2118 S Warren St, South Bend, IN, 46613 priced at $109,000 converts $1,046/mo rent into $282/mo cash flow after a $534/mo obligation. Total monthly income equals $1,046/mo, and annual cash flow totals $3,386/yr on $36,134 invested. Return on cash invested prints 29.28% in year one, and rental yield reads 11.52% against a $109,000 entry. Equity gained on principal adds $703/yr, while 5% annual appreciation compiles into $30,115 by year five. Five-year ROI reaches 154.32% and total cumulative return in cash sums $55,762. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,046/mo property income covering a $534/mo payment, not borrower’s personal income.
Single Family
Built in 1970
7,405 sqft lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 46613, South Bend, IN area.
| 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 |
Residential
4,165
Single Family
4,021
Multi-Family
144
Businesses
257
Date | Event | Price |
|---|---|---|
| 2025-04-03 | Listed for sale | $109,000 |
| 2022-10-06 | Sold | $41,000 |
| 2022-09-23 | Pending sale | $25,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-04-04 | $2212.34 | 15.53% | $109,600 | 18.10% |
| 2023-04-04 | $1914.96 | 23.88% | $92,800 | 16.29% |
| 2022-04-04 | $1545.78 | 9.92% | $79,800 | 23.91% |
Listed by: Adam Pendl • eXp Realty, LLC
Mls Name: IRMLS
Mls Provider:
Mls ID: #202511071
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.
