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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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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 305 E Dean St, South Bend, IN, 46614 listed at $240,000 pairs $2,064/mo rent with a $1,175/mo payment to leave $577/mo cash flow. Total monthly income runs $2,064/mo, and annual cash flow reaches $6,922/yr on $79,560 cash to close. Return on cash invested measures 28.61% in year one, and rental yield registers 10.32% at a $240,000 basis. Equity gained on principal adds $1,549/yr, and annual property appreciation at 5% supports $66,308 by year five. Five-year ROI tracks 149.49% and total cumulative return in cash totals $118,934. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,064/mo property income relative to a $1,175/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1954
8,276 sqft lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 46614, South Bend, IN area.
| 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 |
Residential
13,174
Single Family
11,556
Multi-Family
1,618
Businesses
438
Date | Event | Price |
|---|---|---|
| 2025-07-25 | Sold | $240,000 |
| 2025-07-02 | Pending sale | $244,900 |
| 2025-06-03 | Price change | $244,900 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-10-21 | $2547.08 | 16.85% | $278,900 | 29.12% |
| 2023-10-21 | $2179.70 | 36.51% | $216,000 | 18.49% |
| 2022-10-21 | $1596.78 | 3.62% | $182,300 | 34.04% |
Listed by: Greg G Gray • Polack Realty
Mls Name: IRMLS
Mls Provider:
Mls ID: #202516845
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.
