605 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
Investment property for sale in South Bend at 605 S Illinois St, South Bend, IN, 46619 with 5% annual appreciation on a $137,000 basis while $1,282/mo rent supports operations. Total monthly income totals $1,282/mo and a $671/mo payment preserves $459/mo for cash returns. Annual cash flow comes to $5,510/yr on $45,416 deployed, and return on cash invested reaches 32.04% in year one. Equity gained on principal adds $884/yr, and five-year appreciation sums $37,851 alongside rental yield of 11.23%. Five-year ROI measures 167.74% and total cumulative return in cash totals $76,180.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,282/mo property income versus a $671/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
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: Greg G Gray • Polack Realty
Mls Name: IRMLS
Mls ID: #202536122