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9
Rent climbs to $1,319, yield up 3%
Updated 2 days ago
Your Investment Paths
Turnkey Rental
This property shows strong rental potential within the South Bend market. With projected monthly income ranging from $1,173 to $1,325, investors can expect a robust yield of approximately 15.89% based on recent local comparable sales. The current market data suggests this is a solid income-producing asset. Steady annual appreciation of nearly $3,000 further enhances the long-term value, making this a promising opportunity for those seeking reliable cash flow and growth.
More about this home
Neighborhood Assessment
Lincoln Manor in South Bend is a blue-collar, park-oriented neighborhood that’s quietly benefited from the city’s broader investment and proximity to Notre Dame and downtown jobs. Being just steps from Kennedy Park and near solid-rated Kennedy Primary and high-performing Lasalle Intermediate makes this block attractive for families and long-term renters. Values on Prast Blvd have climbed into the low–mid 100Ks for larger nearby homes, while this 3-bed, 1-bath, 720 sqft house sits around the mid-90K range. That gap suggests steady appreciation rather than explosive growth, but for the price point, cash flow and demand look pretty reliable in this part of 46628.
Market Activity
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Rental Income
$15K
Yield
15.9%
Appreciation
$3K
Year 1 Estimates
Fix-and-Flip
Modernizing your home significantly boosts value, jumping from roughly $80 to $138 per square foot—a 72% increase. These refinements make your property stand out, attracting buyers faster and unlocking higher monthly rent potential for investors. This upgrade is a fantastic way to elevate your lifestyle while creating a more desirable asset. With higher rent potential and improved appeal, refreshing your space is a smart, rewarding move to maximize your property's long-term worth.
Value Add
$42K
Appreciation
$3K
Post Typical Renovation
Buy-Rehab-Rent
This property offers strong BRR potential with a post-renovation value reaching up to $98,000. Renovations elevate the value significantly from the baseline, providing a solid equity cushion for investors targeting this specific market segment. Projected rental income hits $1,319 monthly, driving an impressive 16.9% yield. With reliable appreciation potential and solid rent-to-value ratios, this asset is a practical, income-generating addition for a disciplined real estate portfolio.
Rental Income
$16K
Yield
16.9%
Appreciation
$3K
Year 1 Estimates, Post Typical Renovation
Estimated value
$94K
$66.2K below comp median
Comparative Market Analysis
$108K – $262K
~408 days to sell
Based on 9 comps
2721 Prast Blvd, South Bend Investment Report: Flip & Rental Analysis · Frontflip