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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 809 E Fairview Ave, South Bend, IN, 46614 offers $802/mo rent that, after a $519/mo payment, leaves $166/mo cash flow. Total monthly income is $802/mo, and annual cash flow is $1,986/yr on $35,139 cash. Return on cash invested measures 25.56% in year one, and rental yield stands at 9.08% at a $106,000 entry. Equity gained on principal adds $684/yr while 5% annual appreciation compounds into $29,286 by year five. Five-year ROI records 132.96% and total cumulative return in cash reaches $46,720. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $802/mo property income versus a $519/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1924
5,662 sqft 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 |
|---|---|---|
| No price history data available | ||
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| No tax history data available | ||||
Listed by: Linda S Smith • Cressy & Everett- Elkhart
Mls Name: IRMLS
Mls ID: #202536217
