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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 3110 S Main St, South Bend, IN, 46614 offers a 13.24% rental yield on a $109,900 purchase with $1,213/mo rent. Total monthly income registers $1,213/mo, and a $538/mo payment leaves $553/mo available for distribution. Annual cash flow reaches $6,638/yr on $36,432 to close, and return on cash invested stands at 38.13% in year one. Equity gained on principal adds $709/yr while 5% annual appreciation supports $30,363 over five years. Portfolio math shows five-year ROI at 200.41% and total cumulative return in cash at $73,012. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,213/mo property income against a $538/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1942
7,840 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 |
|---|---|---|
| No price history data available | ||
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| No tax history data available | ||||
Listed by: Nicole Primrose • Polack Realty
Mls Name: IRMLS
Mls ID: #202537960
