301 E Eckman St, South Bend, IN, 46614 | $391/mo Cash Flow

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

Home Type: Single Family

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301 E Eckman St, South Bend, IN, 46614 | $391/mo Cash Flow | Ziffy

For Sale

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Rental property for sale in South Bend at 301 E Eckman St, South Bend, IN, 46614 priced at $162,500 converts $1,366/mo rent into $391/mo cash flow after a $795/mo obligation. Total monthly income equals $1,366/mo, and annual cash flow totals $4,691/yr on $53,869 invested. Return on cash invested prints 28.62% in year one, and rental yield reads 10.09% against a $162,500 entry. Equity gained on principal adds $1,049/yr, while 5% annual appreciation compiles into $44,896 by year five. Five-year ROI reaches 149.31% and total cumulative return in cash sums $80,430. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,366/mo property income covering a $795/mo payment, not borrower’s personal income.

Single Family

Built in 1922

4,356 sqft lot

$N/A/sqft

No HOA

More details about the property

Welcome home to a bright, well-kept 2 story home on a quiet, community-oriented street. This affordable home features recent flooring updates and a freshly painted main level, creating a clean, move-in-ready feel from the moment you step inside. The sunny living area flows into an eat-in kitchen with a cozy breakfast nook, perfect for morning coffee! A classic claw-foot tub lends vintage charm to the full bath, while the full basement offers ample storage, hobby space, or room to grow. Sitting on a corner lot with low utilities and convenient access to multiple school options (public and private), this home pairs everyday ease with a great location near campuses and commuter routes. Nice back yard, mostly fenced, leads to the detached garage.

Neighborhood Data

Neighborhood data shown for ZIP Code: 46614, South Bend, IN area.

Housing Distribution

Housing Statistics

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