Zip Code 46616 — South Bend, IN
🟢GOOD— solid returnsCap Rate
7.3%
Monthly Cash Flow
+$118
Median Home Price
$146,814
DSCR
1.15
🏠 Fair Market Rents
- Studio
- $720/mo
- 1 Bedroom
- $900/mo
- 2 Bedroom
- $1,060/mo
- 3 Bedroom
- $1,350/mo
- 4 Bedroom
- $1,420/mo
📊 Investment Metrics
- Cap Rate
- 7.3%
- Cash-on-Cash Return
- 4.2%
- Price-to-Rent Ratio
- 9.1
- 1% Rule
- 0.92%
- Gross Rent Multiplier
- 9.1
- Vacancy Rate
- 8.0%
📋 Assumptions Used
20% down payment, 7.000000000000001% interest rate, 30-year fixed, 8% vacancy, 10% maintenance, 1.2% property tax
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