415 Lincoln Way WSouth BendIN46601
Nearby investment properties with comparable rents
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 415 Lincoln Way W, South Bend, IN, 46601 priced at $229,000 pairs $1,532/mo rent with $157/mo cash flow after a $1,121/mo payment. Total monthly income equals $1,532/mo, and annual cash flow comes to $1,886/yr on $75,914 invested. Return on cash invested is 22.39% in year one, and rental yield stands at 8.03% on a $229,000 basis. Equity gained on principal adds $1,478/yr, and 5% annual appreciation accumulates to $63,268 by year five. Five-year ROI measures 115.99% and total cumulative return in cash reaches $88,049. For financing, Ziffy Mortgage’s DSCR program evaluates $1,532/mo property income against a $1,121/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1862
9,583 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46601, South Bend, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,926 (100%) |
| Owner Occupied HU | 518 (17.7%) |
| Renter Occupied HU | 1,844 (63.0%) |
| Vacant Housing Units | 564 (19.3%) |
| Median Home Value | $156,964 |
| Average Home Value | $180,471 |
Housing Distribution
Address Breakdown
Residential
2,428
Single Family
1,533
Multi-Family
895
Businesses
597
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Listed by: Matthew Pleasant • Howard Hanna SB Real Estate
Mls Name: IRMLS
Mls ID: #202601568