429 S Albert Ave, South Bend, IN, 46619 | $385/mo Cash Flow

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

Home Type: Single Family

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429 S Albert Ave, South Bend, IN, 46619 | $385/mo Cash Flow | Ziffy

For Sale

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Rental property for sale in South Bend at 429 S Albert Ave, South Bend, IN, 46619 generates $1,337/mo in rent and, after a $776/mo payment, leaves $385/mo in cash flow. Total monthly income is $1,337/mo, and annual cash flow is $4,624/yr on $52,543 invested. Return on cash invested sits at 28.71% in year one, and rental yield is 10.12% on a $158,500 entry. Equity gained on principal adds $1,023/yr, while 5% annual appreciation builds toward $43,791 over five years. Five-year ROI reaches 149.84% and total cumulative return in cash sums $78,731. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,337/mo property income rather than buyer’s personal income.

Single Family

Built in 1927

5,227 sqft lot

$N/A/sqft

No HOA

More details about the property

Move-in ready 3/4 bedroom home waiting on a new owner! Check out this newly renovated 1.5 story home with over 1,600 finished square feet and 3 levels of functional living space. Nothing to do but unpack and move in. Brand new paint, flooring, modern light fixtures, and an upgraded kitchen with stainless steel appliances! Full custom tiled shower. The newly finished upper level features a bedroom and huge loft space + additional storage. The full basement is equipped with a bonus room and a large open space which makes a great entertaining space or extra storage. There is so much to love in this home, schedule a showing today!

Neighborhood Data

Neighborhood data shown for ZIP Code: 46619, South Bend, IN area.

Housing Distribution

Housing Statistics

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