220 E Bowman StSouth 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
Rental property for sale in South Bend at 220 E Bowman St, South Bend, IN, 46613 priced at $132,000 converts $1,541/mo rent into $741/mo cash flow after a $646/mo obligation. Total monthly income equals $1,541/mo, and annual cash flow totals $8,888/yr on $43,758 invested. Return on cash invested prints 40.22% in year one, and rental yield reads 14.01% against a $132,000 entry. Equity gained on principal adds $852/yr, while 5% annual appreciation compiles into $36,469 by year five. Five-year ROI reaches 211.64% and total cumulative return in cash sums $92,611. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,541/mo property income covering a $646/mo payment, not borrower’s personal income.
Single Family
Built in 1928
4,356 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: Alejandra Gomez • Cressy & Everett - South Bend
Mls Name: IRMLS
Mls Provider:
Mls ID: #202517282
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.