3410 Wall St · South Bend, IN 46615

$99,000

2 bd · 1.0 ba · 720 sqft · SingleFamily public records · 10 Days on market

Built 1927 3,544 ac lot $138/sqft · 24% below area Est $131k · 24% under

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Why this score? — see what drove the C+ grade

The composite is a weighted blend of 9 inputs, each scored 0–100. Each bar is that input's sub-score; the figure is the points it added to the 100-point composite (weight × sub-score).

• Cash flow +24.1/30.0
• ARV discount +15.0/15.0
• DSCR +7.8/10.0
• 1% rule +6.7/10.0
• Rent growth +4.1/5.0
• Livability +3.2/5.0
• Condition / age +2.5/5.0
• Schools +1.4/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

MUTIPLE OFFERS RECEIVED. NEED YOUR BEST AND FINAL OFFER BY 6PM TODAY (FRIDAY JUNE 10TH). UPDATED CUTE 2 BEDROOM HOME IN THE QUIET RIVER PARK NEIGHBORHOOD. Home has new carpeting and paint throughout. Kitchen has new maple cupboards, stainless steel appliances, new counters and dual sinks. Full bath includes the laundry with a stacked washer and dryer. A carpeted screened in large porch with windows on 3 sides is a great space to relax on those warm nights. Furnace is only 4 years old and the home has central air. In addition, there is a clean dry basement for extra storage.

Key facts

• Move-in-ready home
• Extra living space
• Natural light

Tags

• SOUTH BEND LOCATION
• BRIGHT SUNROOM
• EXTRA LIVING SPACE
• NATURAL LIGHT
• MOVE-IN-READY HOME

Property features AI

Exterior

• Parking: Detached garage; 1 garage space
• Utilities: Public water; Public sewer
• Home design: One-story home; Built in 1927
• Construction: Has basement (unfinished)
• Exterior features: Neighborhood view

Interior

• Kitchen: Gas range; Microwave; Refrigerator
• Bedrooms: Primary bedroom; Second bedroom
• Bathrooms: 1 full bathroom
• Heating & cooling: Forced air heating; Central air conditioning; Ceiling fan(s)
• Interior features: No notable built-in interior features listed; Unfinished basement
• Laundry & utility: Washer; Dryer; Laundry on main level

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath single-family listed at $99k.

Deal economics

• At list price, monthly cash flow is $196 ($2k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $99k).
• Cap rate 8.7% vs local median 4.3% in South Bend — top-decile yield for the area; either an underpriced asset or a hidden risk that comps aren't pricing in. Stress-test before assuming the spread holds.

Location & tenants

• Location reads 64/100 on livability (#365 in IN) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+, health & safety A+; Watch: amenities D, employment D, crime F.
• South Bend Community School Corporation (urban): math 12% / reading 21% proficiency, ranked #284 of 301 in IN (top 94%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover; 66% free/reduced lunch — lower-income household profile, screen leases tightly.
• Zoned schools: Kennedy Academy (math 45% / reading 52%, grade D, #304 of 994 statewide, top 31%, 520 students, 61% FRL); Jefferson Traditional School (math 12% / reading 22%, grade F, #284 of 330 statewide, top 87%, 516 students, 64% FRL); Adams High School (math 28% / reading 57%, grade F, #195 of 369 statewide, top 53%, 1,976 students, 56% FRL).
• Zoned-school proficiency averages 36% at this address vs 16% district-wide (+20 pts) — the actual schools serving this property are materially stronger than the South Bend Community School Corporation average implies; a family-tenant draw the district grade alone would hide.
• Market conditions: Rents rising fast (+6.3%/yr); 76 active listings in the ZIP; 15 comparable units currently listed for rent nearby; rentals at typical pace (median 15d on market — plan ~3-4 weeks tenant-placement turnaround); 754 units permitted in St. Joseph County in 2024 (460 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $684 of loan paydown is wiped out by about $3k of value loss. Plan a longer hold.
• At projected returns (-3.0% appreciation + 6.3% rent growth), your $28k cash investment doubles in ~9 years — after that, you're playing with house money.

Negotiation context

• Only 10 days on market — expect competitive offers; lowballing is unlikely to land.
• 2 sale attempts since 4y ago with the ask held roughly flat each time — persistent listings suggest the price (not the market) is what's stuck; bring a comps-based counter.

Risks & watch-outs

• Watch-outs: built in 1927 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $99,000

Questions for the listing agent

1. Built in 1927 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
2. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
3. Schools are F-rated, which usually means shorter tenancies and higher turnover. Who's the typical renter profile here, and what's been the actual vacancy rate?
4. Crime grade is F in this area — have there been break-ins, vandalism, or insurance claims at this property in the last 3 years? What carrier currently insures it and at what premium?
5. What's the average days-on-market for RENTAL listings here right now (not sales)? A rising rental-DOM trend means longer vacancies and softer asking-rent achievability than the comps imply.
6. What's the recent tenant-quality profile in this submarket — average credit score on applications, eviction rate, late-payment / NSF rate, and stable-employment percentage? A property-management company in the area should have these aggregated.
7. How much new for-sale + rental construction is in the pipeline within 1–3 miles? Heavy new supply typically softens prices + rents 12–24 months out; constrained supply supports both.

Investment metrics

• 1% rule: 1.17% ✓
• Cap rate: 8.67%
• Cash-on-cash: 8.49%
• DSCR: 1.38
• GRM: 7.1

CMA / ARV

• ARV (median comp): $130,960
• List price: $99,000
• Delta: -24.40%
• Verdict: UNDERPRICED
• Comps: 20 within 1.0 mi

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
3410 Wall St	0.00mi	2/1.0	720 (0%)	0mo	$90,000	$125	100
734 S 33rd St	0.09mi	2/1.0	748 (+4%)	3mo	$141,000	$189	86
602 S 35th St	0.20mi	2/1.0	700 (-3%)	3mo	$152,000	$217	84
721 W Broadway St	0.42mi	2/1.0	712 (-1%)	5mo	$128,000	$180	74
715 S 35 St	0.10mi	2/1.0	809 (+12%)	6mo	$144,000	$178	70
509 S 32nd St	0.30mi	2/1.5	782 (+9%)	1mo	$154,900	$198	69
516 N Logan St	0.28mi	2/1.0	648 (-10%)	2mo	$150,000	$231	69
610 S 27th St	0.51mi	2/1.0	704 (-2%)	6mo	$72,000	$102	67
3513 Pleasant St	0.34mi	2/1.0	816 (+13%)	0mo	$168,000	$206	62
737 S 30th St	0.31mi	2/1.0	816 (+13%)	5mo	$80,000	$98	59
526 S 28th St	0.47mi	2/1.0	808 (+12%)	2mo	$55,000	$68	56
413 W Marion St	0.67mi	2/1.0	816 (+13%)	6mo	$103,800	$127	41

Match score weights: distance 35% · size 25% · config 20% · recency 20%. Top-matched comps best support the ARV.

Projected returns pro-forma

-3.0% appreciation · 6.27% rent growth · sell at horizon

5-year hold

• IRR: 0.4%
• Equity multiple: 1.02×
• Total profit: $426
• Equity at exit: $14,761

10-year hold

• IRR: 13.2%
• Equity multiple: 2.22×
• Total profit: $33,906
• Equity at exit: $8,560

Cash invested: $27,720 (down + closing). Projections, not guarantees.

Landlord ↔ Tenant lean methodology

• Overall (STATE): 90 Strongly Landlord-Friendly
• State Indiana: 90 Strongly Landlord-Friendly · R+11
• County: — inherits STATE
• City: — inherits STATE

10-day pay-or-quit; landlord-favorable; preempted.

Methodology + full state rankings →

ZIP-level market 46615

• Home prices YoY: -34.0%
• Rents YoY: 6.3%
• Active inventory: 76
• Price-to-rent: 7.1×

Monthly cashflow live

• Estimated rent: $1,160 high
• Mortgage (P&I): −$519
• Tax from tax record: −$160 /mo · $1,916/yr
• Insurance: −$41
• HOA: −$0
• Vacancy / Maint / Mgmt: −$244
• Net cashflow: $196

Break-even live

Break-even rent $911

Max offer price $99,000

Occupancy floor 78%

Sensitivity live

Price	-10% $252	-5% $224	+0% $196	+5% $168	+10% $140
Rent	-10% $104	-5% $150	+0% $196	+5% $242	+10% $288
Rate	-1.0pp $246	-0.5pp $221	base $196	+0.5pp $170	+1.0pp $144

UW: 25.0% down · 7.5% · 30yr · 1.5% tax · 5.0% vac · 8.0% maint · 8.0% mgmt

Financing live

Cash to close

• Down payment: $24,750
• Closing costs: $2,970
• Reserves months: —
• Total cash needed: —

Rent comps 15 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
3530 Northside Blvd South Bend, IN	1.0–2.0	1.0	850	$1,200	$1.41	15d	1	0.45mi
804 S 27th St South Bend, IN	1.0	1.0	700	$850	$1.21	22d	1	0.47mi
3001 E Jefferson Blvd South Bend, IN	1.0–2.0	1.0–2.0	848	$1,329	$1.57	15d	21	0.56mi
2508 E Mishawaka Ave Unit 3A South Bend, IN	1.0	1.0	600	$1,200	$2.00	45d	1	0.61mi
2530 Pleasant St Unit 3 South Bend, IN	1.0	1.0	600	$925	$1.54	15d	1	0.65mi
607 Hendricks St Mishawaka, IN	2.0	1.0	528	$1,200	$2.27	22d	1	0.77mi
1202 W 7th St Unit B Mishawaka, IN	2.0	1.0	600	$1,100	$1.83	15d	1	0.77mi
516 W 3rd St #6 Mishawaka, IN	2.0	1.0	700	$800	$1.14	15d	1	0.83mi
516 W 3rd St Apt 1 Mishawaka, IN	1.0	1.0	750	$800	$1.07	22d	1	0.83mi
365 W Front St Mishawaka, IN	2.0	1.0–2.0	825	$3,050	$3.70	15d	1	0.87mi
116 W Mishawaka Ave Mishawaka, IN	3.0	1.0–2.0	948	$1,914	$2.02	15d	31	0.91mi
1106 S 20th St South Bend, IN	1.0–3.0	1.0–2.0	885	$924	$1.04	15d	1	0.94mi
2804 Delaware St Mishawaka, IN	2.0	1.0	720	$1,200	$1.67	15d	1	1.22mi
300 Pin Oak Cir Mishawaka, IN	1.0–3.0	1.0–1.5	835	$1,052	$1.26	15d	1	1.25mi
1701 E Donald St South Bend, IN	2.0	1.0	720	$1,075	$1.49	45d	1	1.48mi

Listing history 4 events

1. 2026-05-11
   listed $99,000 Active 778-char remark
2. 2022-06-27
   soldstatus $70,000 Closed 581-char remark

   Show marketing remark (581 chars)

   MUTIPLE OFFERS RECEIVED. NEED YOUR BEST AND FINAL OFFER BY 6PM TODAY (FRIDAY JUNE 10TH). UPDATED CUTE 2 BEDROOM HOME IN THE QUIET RIVER PARK NEIGHBORHOOD. Home has new carpeting and paint throughout. Kitchen has new maple cupboards, stainless steel appliances, new counters and dual sinks. Full bath includes the laundry with a stacked washer and dryer. A carpeted screened in large porch with windows on 3 sides is a great space to relax on those warm nights. Furnace is only 4 years old and the home has central air. In addition, there is a clean dry basement for extra storage.

3. 2022-06-10
   historical 581-char remark

   Show marketing remark (581 chars)

   MUTIPLE OFFERS RECEIVED. NEED YOUR BEST AND FINAL OFFER BY 6PM TODAY (FRIDAY JUNE 10TH). UPDATED CUTE 2 BEDROOM HOME IN THE QUIET RIVER PARK NEIGHBORHOOD. Home has new carpeting and paint throughout. Kitchen has new maple cupboards, stainless steel appliances, new counters and dual sinks. Full bath includes the laundry with a stacked washer and dryer. A carpeted screened in large porch with windows on 3 sides is a great space to relax on those warm nights. Furnace is only 4 years old and the home has central air. In addition, there is a clean dry basement for extra storage.

4. 2022-06-06
   listed $64,900 581-char remark

   Show marketing remark (581 chars)

   MUTIPLE OFFERS RECEIVED. NEED YOUR BEST AND FINAL OFFER BY 6PM TODAY (FRIDAY JUNE 10TH). UPDATED CUTE 2 BEDROOM HOME IN THE QUIET RIVER PARK NEIGHBORHOOD. Home has new carpeting and paint throughout. Kitchen has new maple cupboards, stainless steel appliances, new counters and dual sinks. Full bath includes the laundry with a stacked washer and dryer. A carpeted screened in large porch with windows on 3 sides is a great space to relax on those warm nights. Furnace is only 4 years old and the home has central air. In addition, there is a clean dry basement for extra storage.

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

Tax reassessment forecast IN · Partial reset (capped growth)

• Current annual tax: $1,916 · $160/mo
• Projected year-2 tax: $1,916 · $160/mo
• Expected delta: $0/yr ($0/mo · 0.0%)

ⓘ Screening estimate from a state-policy table — verify with the county assessor before closing.

Climate risk First Street

• 🌊 Flood 1/10 Low FEMA zone X (unshaded) · 0% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 3/10 Moderate 7 d/yr ≥99°F today · 16 d/yr by 30 yrs out
• 💨 Wind 2/10 Low
• 🫁 Air quality 3/10 Moderate 2 unhealthy d/yr today · 3 by 30 yrs out

Taxation est. · year 1

• Rental income: $13,916
• − Mortgage interest: −$5,546
• − Property taxes: −$1,916
• − Insurance: −$495
• − Repairs & maintenance: −$1,113
• − Management: −$1,113
• − Depreciation: −$2,880
• Taxable income: $853
• Est. tax owed @ 24.0%: −$205
• After-tax cash flow: $2,148/yr

For passive investors: Depreciation is non-cash, so a rental often shows a tax loss while cash-flowing — sheltering income. Rental losses are passive: they offset passive income freely, and up to $25,000/yr can offset ordinary (W-2) income if you actively participate and your MAGI is under $100k (phasing out to $0 by $150k); unused losses carry forward. On sale, claimed depreciation is recaptured at up to 25%, and gains may owe capital-gains tax (a 1031 exchange can defer both). Figures are a year-1 estimate at your 24.0% rate — not tax advice; consult a CPA.

Schools (NCES district)

• District: South Bend Community School Corporation
• NCES district ID: 1810290
• Math proficiency: 12% ▼ -10.00%
• Reading proficiency: 21% ▼ -6.00%
• Median HH income: $41,935
• Composite: 14.21/100
• National rank: #9452
• State rank: #284 of 301 in IN

Livability — South Bend

• Score: 64/100
• State rank: #365
• US rank: #13730

Category grades

Amenities D Commute F Cost of living A+ Crime F Employment D Housing A+ Health & safety A+ User ratings F

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: South Bend, IN
• County: Saint Joseph County · 189,048 people
• City population: 99,767
• Metro: South Bend-Mishawaka, IN-MI
• Population (ZIP): 14,190
• Household income: $62,964
• Rent vs Own: 36.9% rent · 63.1% own
• Severe rent burden: 420.0

Population outlook (St. Joseph County) Hauer SSP2

• Today (2025): 273,186 people
• By 2030: 273,594 · +0.1%
• By 2040: 271,641 · -0.6%
• By 2050: 269,187 · -1.5%
• By 2075: 263,136 · -3.7%
• By 2100: 245,659 · -10.1%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (65%)
• Race & ethnicity: White 65% Black 14% Two or more races 11% Hispanic / Latino 10% Asian 3%
• Hispanic origin (detail): Mexican 8%
• Common ancestry: Romanian 6% Italian 2% Serbian 2%
• Foreign-born: 8% · Canada, Vietnam
• Languages at home: 87% English-only · Spanish 7% Tagalog/Filipino 1% Other Indo-European 1%

Political lean MEDSL · St. Joseph

• 2024 margin: Toss-up / Even · D 50.0% · R 48.5% · Other 1.5%
• 2008→2024 swing: -15.6pp toward R · 2008: 17.1pp · 2024: 1.5pp
• All cycles: 2024: D+1.5 2020: D+5.8 2016: D+0.2 2012: D+3.5 2008: D+17.1

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -124.82%
• Current HPI: 242.1938
• Rent YoY: ▲ 6.27%
• Metro: South Bend-Mishawaka, IN-MI
• State GDP YoY: ▲ 2.90%
• F500 in state: 18

Industry mix (Fortune 500 HQ in IN)

Industry	F500 HQs	Revenue
▸Industrial Machinery	2	$37B
▸Healthcare	1	$177B
▸Pharmaceuticals	1	$45B
▸Metals / Steel	1	$18B
▸Agriculture	1	$17B
▸Packaging	1	$12B

Price history

+38.7% since first listed

6 events — show timeline

• 2026-06-11 Sold (MLS) $90,000 NIRA MLS as Distributed by MLS Grid
• 2026-05-22 Pending — NIRA MLS as Distributed by MLS Grid
• 2026-05-11 Listed $99,000 NIRA MLS as Distributed by MLS Grid
• 2022-06-27 Sold (MLS) $70,000 IRMLS
• 2022-06-10 Delisted — IRMLS
• 2022-06-06 Listed $64,900 IRMLS

Property tax history

-3.2%/yr

Latest (2025): $1,916 · +16.1% YoY. Source: county tax records.