Save Search
Filters Applied
EditEdit Filters
Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
Loading Maps & Overview...
Loading Calculator...
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 2205 Morris St, South Bend, IN, 46613 at $104,900 posts ROI 25.2% with $153/mo cash flow from $841/mo rent. Total monthly income equals $841/mo, and annual cash flow records $1,840/yr on $34,774 to close. Return on cash invested measures 25.2% and rental yield reads 9.62% at the current $104,900. Equity gained on principal adds $677/yr, and 5% annual appreciation supports $28,982 by year five. Five-year ROI prints 131.77% and total cumulative return in cash totals $45,822.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $841/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1914
5,227 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 |
|---|---|---|
| 2024-10-14 | Price change | $104,900 |
| 2024-10-01 | Listed for sale | $114,900 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-11-20 | $1571.80 | 24.73% | $83,300 | 27.18% |
| 2022-11-20 | $1260.16 | 19.08% | $65,500 | 24.76% |
| 2021-11-20 | $1058.26 | 16.55% | $52,500 | 19.05% |
Listed by: Joel Fourman • Re/Max County Wide 1st
Mls Name: IRMLS
Mls Provider:
Mls ID: #202437883
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.
