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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 629 S 23rd St, South Bend, IN, 46615 generates $1,377/mo in rent and, after a $1,003/mo payment, leaves $147/mo in cash flow. Total monthly income is $1,377/mo, and annual cash flow is $1,761/yr on $67,958 invested. Return on cash invested sits at 22.5% in year one, and rental yield is 8.06% on a $205,000 entry. Equity gained on principal adds $1,323/yr, while 5% annual appreciation builds toward $56,638 over five years. Five-year ROI reaches 116.5% and total cumulative return in cash sums $79,170. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,377/mo property income rather than buyer’s personal income.
Single Family
Built in 1952
5,227 sqft lot
$N/A/sqft
No HOA
Date | Event | Price |
|---|---|---|
| 2025-09-05 | Sold | $205,000 |
| 2025-09-02 | Pending sale | $199,900 |
| 2025-07-31 | Listed for sale | $199,900 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-10-30 | $1471.70 | 43.29% | $140,300 | 9.10% |
| 2023-10-30 | $1027.08 | 13.80% | $128,600 | 200.47% |
| 2022-10-30 | $902.52 | -41.33% | $42,800 | 13.83% |
Listed by: Jennifer Kerrn • Keller Williams Realty Group
Mls Name: IRMLS
Mls Provider:
Mls ID: #202530035
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.
