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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Rental property for sale in South Bend at 61733 Locust Rd, South Bend, IN, 46614 generates $1,666/mo in rent and, after a $827/mo payment, leaves $579/mo in cash flow. Total monthly income is $1,666/mo, and annual cash flow is $6,943/yr on $56,024 invested. Return on cash invested sits at 32.3% in year one, and rental yield is 11.83% on a $169,000 entry. Equity gained on principal adds $1,091/yr, while 5% annual appreciation builds toward $46,692 over five years. Five-year ROI reaches 169.66% and total cumulative return in cash sums $95,047. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,666/mo property income rather than buyer’s personal income.
Single Family
Built in 1956
5.04 Acres lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 46614, South Bend, IN area.
| 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 |
Residential
13,174
Single Family
11,556
Multi-Family
1,618
Businesses
438
Date | Event | Price |
|---|---|---|
| 2024-09-17 | Listed for sale | $169,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-10-16 | $2279.64 | 44.17% | $185,000 | N/A |
| 2022-10-16 | $1581.22 | 75.49% | $185,000 | 28.21% |
| 2021-10-16 | $901.02 | 17.16% | $144,300 | 36.13% |
Listed by: Derek Morgan • Unreal Estate LLC
Mls Name: IRMLS
Mls Provider:
Mls ID: #202435947
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.
