303 E Chippewa AveSouth BendIN46614
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Nearby investment properties with comparable prices
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 303 E Chippewa Ave, South Bend, IN, 46614 priced at $175,000 pairs $1,341/mo rent with $290/mo cash flow after a $857/mo payment. Total monthly income equals $1,341/mo, and annual cash flow comes to $3,480/yr on $58,013 invested. Return on cash invested is 25.91% in year one, and rental yield stands at 9.2% on a $175,000 basis. Equity gained on principal adds $1,129/yr, and 5% annual appreciation accumulates to $48,349 by year five. Five-year ROI measures 134.88% and total cumulative return in cash reaches $78,247. For financing, Ziffy Mortgage’s DSCR program evaluates $1,341/mo property income against a $857/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1950
5,227 sqft lot
$N/A/sqft
No HOA
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 |
Housing Distribution
Address Breakdown
Residential
13,174
Single Family
11,556
Multi-Family
1,618
Businesses
438
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Listed by: Wilma McDougle • McKinnies Realty, LLC Elkhart
Mls Name: IRMLS
Mls ID: #202601460