816 E Calvert StSouth BendIN46613
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 816 E Calvert St, South Bend, IN, 46613 offers $989/mo rent that, after a $631/mo payment, leaves $166/mo cash flow. Total monthly income is $989/mo, and annual cash flow is $1,986/yr on $42,730 cash. Return on cash invested measures 24.56% in year one, and rental yield stands at 9.21% at a $128,900 entry. Equity gained on principal adds $832/yr while 5% annual appreciation compounds into $35,613 by year five. Five-year ROI records 128.1% and total cumulative return in cash reaches $54,737. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $989/mo property income versus a $631/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1922
5,227 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46613, South Bend, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,533 (100%) |
| Owner Occupied HU | 1,996 (44.0%) |
| Renter Occupied HU | 1,893 (41.8%) |
| Vacant Housing Units | 644 (14.2%) |
| Median Home Value | $79,667 |
| Average Home Value | $120,797 |
Housing Distribution
Address Breakdown
Residential
4,165
Single Family
4,021
Multi-Family
144
Businesses
257
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Zena Marie Capers • Berkshire Hathaway HomeServices Northern Indiana Real Estate
Mls Name: IRMLS
Mls Provider:
Mls ID: #202507923
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.