319 E Chippewa AveSouth BendIN46614
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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
Investment Highlights
Investment property for sale in South Bend at 319 E Chippewa Ave, South Bend, IN, 46614 uses $43,062 cash to close to unlock $2,712/yr annual cash flow and $226/mo monthly cash flow. Total monthly income runs $1,006/mo, and a $636/mo payment keeps the spread at $226/mo. Purchase price stands at $129,900, and rental yield measures 9.29% with $1,006/mo rent. Return on cash invested shows 26.21% in year one, and 5% annual appreciation builds toward $35,889 over five years. Five-year ROI reaches 136.48% and total cumulative return in cash records $58,771. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,006/mo property income covering a $636/mo payment rather than investor’s personal income.
Single Family
Built in 1950
6,098 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: Jen Arizmendi • Addresses Unlimited, LLC
Mls Name: IRMLS
Mls Provider:
Mls ID: #202444198
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.