212 E South StSouth BendIN46601
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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 212 E South St, South Bend, IN, 46601 earns $942/mo cash flow from $2,443/mo rent with a $1,224/mo payment. Total monthly income totals $2,443/mo, and annual cash flow totals $11,303/yr on $82,875 capital. ROI tracks 33.55% on current figures, and rental yield reads 11.73% at a $250,000 purchase. Equity gained on principal adds $1,613/yr, and 5% annual appreciation supports $69,070 over five years. Five-year ROI reaches 175.74% and total cumulative return in cash sums $145,642. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,443/mo property income instead of your personal income.
Single Family
Built in 1901
2,613 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46601, South Bend, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,926 (100%) |
| Owner Occupied HU | 518 (17.7%) |
| Renter Occupied HU | 1,844 (63.0%) |
| Vacant Housing Units | 564 (19.3%) |
| Median Home Value | $156,964 |
| Average Home Value | $180,471 |
Housing Distribution
Address Breakdown
Residential
2,428
Single Family
1,533
Multi-Family
895
Businesses
597
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Listed by: Elizabeth Van Camp • Universal Realty, LLC
Mls Name: IRMLS
Mls Provider:
Mls ID: #202430817
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.