613 E Eckman St, South Bend, IN, 46614 | $929/mo Cash Flow

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613 E Eckman St, South Bend, IN, 46614 | $929/mo Cash Flow | Ziffy

For Sale

Listed for sale 1 day ago

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

Investment property for sale in South Bend at 613 E Eckman St, South Bend, IN, 46614 uses $56,355 cash to close to unlock $11,143/yr annual cash flow and $929/mo monthly cash flow. Total monthly income runs $1,949/mo, and a $832/mo payment keeps the spread at $929/mo. Purchase price stands at $170,000, and rental yield measures 13.76% with $1,949/mo rent. Return on cash invested shows 39.68% in year one, and 5% annual appreciation builds toward $46,968 over five years. Five-year ROI reaches 208.67% and total cumulative return in cash records $117,597. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,949/mo property income covering a $832/mo payment rather than investor’s personal income.

Single Family

Built in 1948

4,791 sqft lot

$N/A/sqft

No HOA

More details about the property

Well-maintained bungalow offering 3 bedrooms and 2.5 bathrooms with a flexible layout. The main level features two bedrooms and a full bathroom. A finished basement provides additional living space suitable for a family room, recreation area, or home office. The upper level includes a spacious primary bedroom retreat. Property also includes a detached garage offering convenient parking and storage. Home offers comfortable living with multiple functional spaces.

Neighborhood Data

Neighborhood data shown for ZIP Code: 46614, South Bend, IN area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	13,675 (100%)
Owner Occupied HU	9,722 (71.1%)
Renter Occupied HU	3,210 (23.5%)
Vacant Housing Units	743 ( 5.4%)
Median Home Value	$219,724
Average Home Value	$250,540