626 S Gladstone AveSouth 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 626 S Gladstone Ave, South Bend, IN, 46619 earns $854/mo cash flow from $1,639/mo rent with a $629/mo payment. Total monthly income totals $1,639/mo, and annual cash flow totals $10,246/yr on $42,598 capital. ROI tracks 43.96% on current figures, and rental yield reads 15.31% at a $128,500 purchase. Equity gained on principal adds $829/yr, and 5% annual appreciation supports $35,502 over five years. Five-year ROI reaches 231.73% and total cumulative return in cash sums $98,712. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,639/mo property income instead of your personal income.
Single Family
Built in 1945
5,376 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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Nearby investment properties with comparable prices
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