833 S Albert AveSouth BendIN46619
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
Investment property for sale in South Bend at 833 S Albert Ave, South Bend, IN, 46619 with 5% annual appreciation on a $133,000 basis while $1,458/mo rent supports operations. Total monthly income totals $1,458/mo and a $651/mo payment preserves $594/mo for cash returns. Annual cash flow comes to $7,129/yr on $44,090 deployed, and return on cash invested reaches 36.08% in year one. Equity gained on principal adds $858/yr, and five-year appreciation sums $36,745 alongside rental yield of 13.15%. Five-year ROI measures 190.08% and total cumulative return in cash totals $83,805.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,458/mo property income versus a $651/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1947
5,227 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Allison R Lehman • RE/MAX Results-Goshen
Mls Name: IRMLS
Mls Provider:
Mls ID: #202434423
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.