338 N Olive St, South Bend, IN, 46628 | $808/mo Cash Flow

Save Search

Filters Applied

EditEdit Filters

Filters Applied:

Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

Home Type: Single Family

EditEdit Filters

338 N Olive St, South Bend, IN, 46628 | $808/mo Cash Flow | Ziffy

For Sale

Currently Rented

Rental Income

Listed for sale 2 days ago

Ziffy Mortgage

NMLS #2625701

Get Pre-Approved

Nearby investment properties with comparable rents

3 Bed
1 Bath
1527 sft

4629 Linden Ave, South Bend, IN, 46619

3 Bed
2 Bath
2790 sft

8492 N 1050th Rd E, Walkerton, IN, 46574

3 Bed
2 Bath
1549 sft

8105 N 1200 E, Walkerton, IN, 46574

3 Bed
3 Bath
1808 sft

68800 Tamarack Rd, Walkerton, IN, 46574

Nearby investment properties with comparable prices

4 Bed
1 Bath
2160 sft

4106 Bonfield Pl, South Bend, IN, 46619

2 Bed
1 Bath
1176 sft

10889 E Cherokee Rd, Walkerton, IN, 46574

2 Bed
1 Bath
1424 sft

223 Camden St, South Bend, IN, 46619

2 Bed
2 Bath
720 sft

8099 N State Road 23, Walkerton, IN, 46574

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

Explore more listings using simple english

Investment Highlights

Investment property for sale in South Bend at 338 N Olive St, South Bend, IN, 46628 with 5% annual appreciation on a $160,000 basis while $1,768/mo rent supports operations. Total monthly income totals $1,768/mo and a $783/mo payment preserves $808/mo for cash returns. Annual cash flow comes to $9,692/yr on $53,040 deployed, and return on cash invested reaches 38.18% in year one. Equity gained on principal adds $1,032/yr, and five-year appreciation sums $44,205 alongside rental yield of 13.26%. Five-year ROI measures 200.61% and total cumulative return in cash totals $106,406.

Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,768/mo property income versus a $783/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.

Multi Family

Built in 1938

7,840 sqft lot

$N/A/sqft

No HOA

More details about the property

Well-maintained all-brick triplex offering an excellent turnkey investment opportunity. This income-producing property features a newer roof and a desirable unit mix with two one-bedroom units and one spacious two-bedroom unit. All units are currently rented, providing immediate cash flow for the next owner. Solid construction, strong rental appeal, and low-maintenance exterior make this a smart addition to any portfolio. A great opportunity for investors seeking a stable, fully occupied property.