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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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Listed by: Irma Buczynski • Cressy & Everett - South Bend
Mls Name: IRMLS
Mls Provider:
Mls ID: #202517165
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Rental property for sale in South Bend at 422 S Gladstone Ave, South Bend, IN, 46619 priced at $100,000 pairs $1,258/mo rent with $658/mo cash flow after a $489/mo payment. Total monthly income equals $1,258/mo, and annual cash flow comes to $7,898/yr on $33,150 invested. Return on cash invested is 43.73% in year one, and rental yield stands at 15.1% on a $100,000 basis. Equity gained on principal adds $645/yr, and 5% annual appreciation accumulates to $27,628 by year five. Five-year ROI measures 230.53% and total cumulative return in cash reaches $76,420. For financing, Ziffy Mortgage’s DSCR program evaluates $1,258/mo property income against a $489/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1928
5,227 sqft lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 46619, South Bend, IN area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,203 (100%) |
| Owner Occupied HU | 5,324 (64.9%) |
| Renter Occupied HU | 2,198 (26.8%) |
| Vacant Housing Units | 681 ( 8.3%) |
| Median Home Value | $137,308 |
| Average Home Value | $175,526 |
Residential
7,796
Single Family
7,461
Multi-Family
335
Businesses
526
Date | Event | Price |
|---|---|---|
| 2025-06-23 | Sold | $100,000 |
| 2025-05-29 | Pending sale | $105,000 |
| 2025-05-12 | Listed for sale | $105,000 |
A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-10-24 | $801.84 | 2144.79% | $89,400 | 18.41% |
| 2023-10-24 | $35.72 | N/A | $75,500 | 32.92% |
| 2022-10-24 | N/A | N/A | $56,800 | 38.54% |
