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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 21573 Kern Rd, South Bend, IN, 46614 listed at $279,900 pairs $1,962/mo rent with a $1,370/mo payment to leave $282/mo cash flow. Total monthly income runs $1,962/mo, and annual cash flow reaches $3,381/yr on $92,787 cash to close. Return on cash invested measures 23.55% in year one, and rental yield registers 8.41% at a $279,900 basis. Equity gained on principal adds $1,806/yr, and annual property appreciation at 5% supports $77,331 by year five. Five-year ROI tracks 122.14% and total cumulative return in cash totals $113,329. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,962/mo property income relative to a $1,370/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1995
0.58 Acres 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 |
|---|---|---|
| 2025-06-30 | Listed for sale | $279,900 |
| 2022-06-22 | Sold | $245,000 |
| 2022-05-20 | Pending sale | $245,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-07-02 | $2232.32 | -11.22% | $205,300 | -0.24% |
| 2023-07-02 | $2514.32 | 36.28% | $205,800 | -0.19% |
| 2022-07-02 | $1844.96 | -1.19% | $206,200 | 30.34% |
Listed by: Jeffrey D Foster • LPT Realty
Mls Name: IRMLS
Mls Provider:
Mls ID: #202525224
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.
