803 Park AveSouth BendIN46616
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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
Rental property for sale in South Bend at 803 Park Ave, South Bend, IN, 46616 priced at $329,000 converts $2,976/mo rent into $1,001/mo cash flow after a $1,610/mo obligation. Total monthly income equals $2,976/mo, and annual cash flow totals $12,016/yr on $109,064 invested. Return on cash invested prints 30.93% in year one, and rental yield reads 10.85% against a $329,000 entry. Equity gained on principal adds $2,123/yr, while 5% annual appreciation compiles into $90,897 by year five. Five-year ROI reaches 161.7% and total cumulative return in cash sums $176,361. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,976/mo property income covering a $1,610/mo payment, not borrower’s personal income.
Single Family
Built in 1903
4,356 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46616, South Bend, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,887 (100%) |
| Owner Occupied HU | 1,445 (50.1%) |
| Renter Occupied HU | 1,103 (38.2%) |
| Vacant Housing Units | 339 (11.7%) |
| Median Home Value | $164,220 |
| Average Home Value | $197,168 |
Housing Distribution
Address Breakdown
Residential
2,531
Single Family
2,351
Multi-Family
180
Businesses
63
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Listed by: Amy E Sheckler • McKinnies Realty, LLC
Mls Name: IRMLS
Mls ID: #202536668