62430 Locust Rd, South Bend, IN 46614

3 bd · 2 ba · 1,056 sqft · built 2012 · South Bend · MOBILE·source listing ↗

$42,995

$69,995 first listed

seller intel

Price cut

−38.6%

from $69,995

Motivation score

60/100

OnePercent model (vv1)$1,254/mo

p10–p90 confidence band

HUD Fair Market Rent · 46614 · 3BR$1,350/mo

Area comps median (last 90d)—

FMR from HUD SAFMR FY2026. Never a naked estimate.

County

St. Joseph

Flood risk indexRelatively Low FEMA NRI

Median household income$74,153

Median area rent$925/mo

Median home value$187,500

the verdict

2.92%vs 1.2% target

financing: 20% down · — (FRED, live) · 30yr

$42,995

2.92% · rent $1,254

Intrinsic value · income approach

$162,748

74% below intrinsic value

Value = net operating income ÷ market cap rate. Not investment advice.

Ten-year owner return

Equity multiple, per-year cash flow, and appreciation modeling are a Pro feature.