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 2633 W Washington St, South Bend, IN, 46619 offers a 9.47% rental yield on a $100,000 purchase with $789/mo rent. Total monthly income registers $789/mo, and a $489/mo payment leaves $164/mo available for distribution. Annual cash flow reaches $1,970/yr on $33,150 to close, and return on cash invested stands at 25.85% in year one. Equity gained on principal adds $645/yr while 5% annual appreciation supports $27,628 over five years. Portfolio math shows five-year ROI at 134.93% and total cumulative return in cash at $44,728. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $789/mo property income against a $489/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1928
5,227 sqft lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 46619, South Bend, IN area.
| 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 |
Residential
7,796
Single Family
7,461
Multi-Family
335
Businesses
526
Date | Event | Price |
|---|---|---|
| 2024-10-16 | Price change | $100,000 |
| 2024-10-08 | Price change | $110,000 |
| 2024-09-13 | Price change | $113,900 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-10-16 | $1130.26 | 37.28% | $55,900 | 18.68% |
| 2022-10-16 | $823.30 | 18.31% | $47,100 | 37.32% |
| 2021-10-16 | $695.90 | -13.23% | $34,300 | 18.28% |
Listed by: Linda S Smith • Cressy & Everett- Elkhart
Mls Name: IRMLS
Mls Provider:
Mls ID: #202429069
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.
