2428 Grace StSouth BendIN46619
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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 2428 Grace St, South Bend, IN, 46619 offers a 9.39% rental yield on a $140,000 purchase with $1,096/mo rent. Total monthly income registers $1,096/mo, and a $685/mo payment leaves $256/mo available for distribution. Annual cash flow reaches $3,070/yr on $46,410 to close, and return on cash invested stands at 26.52% in year one. Equity gained on principal adds $903/yr while 5% annual appreciation supports $38,679 over five years. Portfolio math shows five-year ROI at 138.07% and total cumulative return in cash at $64,078. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,096/mo property income against a $685/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1918
5,662 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46619, South Bend, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,203 (100%) |
| Owner Occupied HU | 5,324 (64.9%) |
| Renter Occupied HU | 2,198 (26.8%) |
| Vacant Housing Units | 681 ( 8.3%) |
| Median Home Value | $137,308 |
| Average Home Value | $175,526 |
Housing Distribution
Address Breakdown
Residential
7,796
Single Family
7,461
Multi-Family
335
Businesses
526
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Listed by: Nicole Perry • Berkshire Hathaway HomeServices Northern Indiana Real Estate
Mls Name: IRMLS
Mls Provider:
Mls ID: #202436226
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.