439 S Illinois StSouth BendIN46619
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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
Rental property for sale in South Bend at 439 S Illinois St, South Bend, IN, 46619 priced at $120,000 converts $926/mo rent into $206/mo cash flow after a $587/mo obligation. Total monthly income equals $926/mo, and annual cash flow totals $2,472/yr on $39,780 invested. Return on cash invested prints 26.12% in year one, and rental yield reads 9.26% against a $120,000 entry. Equity gained on principal adds $774/yr, while 5% annual appreciation compiles into $33,154 by year five. Five-year ROI reaches 135.92% and total cumulative return in cash sums $54,067. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $926/mo property income covering a $587/mo payment, not borrower’s personal income.
Single Family
Built in 1949
5,227 sqft lot
$N/A/sqft
No HOA
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 |
Housing Distribution
Address Breakdown
Residential
7,796
Single Family
7,461
Multi-Family
335
Businesses
526
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Listed by: Heather Clemmons • Starr Real Estate LLC
Mls Name: IRMLS
Mls Provider:
Mls ID: #202530949
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.