1734 Hass Dr · South Bend, IN 46635

$239,900

4 bd · 1.5 ba · 1,462 sqft · SingleFamily public records · 11 Days on market

Built 1960 8,712 sqft lot Est $228k · 5% over

---

Why this score? — see what drove the D 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 +16.6/30.0
• DSCR +5.2/10.0
• ARV discount +5.2/15.0
• 1% rule +4.0/10.0
• Livability +3.2/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Schools +1.4/10.0
• Appreciation +0.0/10.0

Listing remarks

Welcome to this tri-level home with 4 bedrooms and 1.5 baths! The bedrooms are generously sized with plenty of storage. The kitchen is functional with all the appliances and a nice pantry! There are two large living rooms to entertain or relax. Enjoy your backyard on your oversized deck. Plenty of parking on the driveway and 3 car garage - with space for storage and or a workshop. Close to Boehm Park and other amenities like the University of Notre Dame!

Key facts

• Functional kitchen
• Oversized deck
• Plenty of parking

Tags

• TRI-LEVEL HOME
• FUNCTIONAL KITCHEN
• NICE PANTRY
• LARGE LIVING ROOMS
• OVERSIZED DECK
• PLENTY OF PARKING

Property features AI

Finance

• Other: Located in the East Gate / Eastgate subdivision; Directions: North on Crestwood; East on Rose; North on Hass; home on right

Exterior

• Parking: Detached garage; 3 garage spaces; Garage door opener; Concrete driveway; Off-street parking
• Utilities: Public water; Public sewer; Cable available
• Home design: Single-family residence (site-built); Residential property
• Construction: Aluminum siding; Vinyl siding; Shingle roof; Has crawl space and a partially finished basement; Above-grade finished area and below-grade finished area present
• Exterior features: Deck; Partial fencing; Level lot; Asphalt road access; Lot dimensions approximately 140' x 61'

Interior

• Kitchen: Disposal; Dishwasher; Microwave; Refrigerator; Gas range
• Bedrooms: Total of 8 rooms (bedroom count not explicitly stated)
• Flooring: Hardwood; Carpet
• Bathrooms: 1 full bathroom; 1 half bathroom
• Heating & cooling: Forced air heating (natural gas); Central air conditioning; Ceiling fan(s)
• Interior features: Ceiling fans; Eat-in kitchen; Laminate countertops; One fireplace (details not specified)
• Laundry & utility: Washer hookup; Gas dryer hookup; Laundry area on lower level

What this means for you Summary

Snapshot

• This is a 4-bed/1.5-bath single-family listed at $240k.

Deal economics

• At list price, monthly cash flow is $145 ($2k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $215k (10.4% below list).
• Recommended offer: $215k (10.4% below list) — sets the bar for 1% rule.
• Cap rate 7.0% 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: 32 active listings in the ZIP; 7 comparable units currently listed for rent nearby; rentals at typical pace (median 16d 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 $2k of loan paydown is wiped out by about $7k of value loss. Plan a longer hold.

Negotiation context

• Only 11 days on market — expect competitive offers; lowballing is unlikely to land.

Recommended offer $215,019 (10.4% below list)

Questions for the listing agent

1. Built in 1960 — 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. The area grade is low — what's the realistic commute time and amenity access for the typical tenant pool here? Any planned neighborhood developments (good or bad) we should know about?
6. 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.
7. 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.
8. 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: 0.90% ✗
• Cap rate: 7.02%
• Cash-on-cash: 2.59%
• DSCR: 1.12
• GRM: 9.3

CMA / ARV

• ARV (on-the-fly): $228,072
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
1715 Rerick Dr	0.16mi	4/1.5	1,462 (0%)	3mo	$215,000	$147	90
1701 Rerick St	0.17mi	4/1.5	1,462 (0%)	2mo	$240,000	$164	90
1728 Winston Dr	0.06mi	4/1.5	1,351 (-8%)	3mo	$250,000	$185	82
1604 Hass Dr	0.17mi	4/2.0	1,581 (+8%)	3mo	$275,000	$174	74
1619 Hass Dr	0.13mi	4/2.0	1,680 (+15%)	3mo	$262,000	$156	65
17740 State Road 23 Rd	0.35mi	3/1.5 (-1)	1,572 (+8%)	2mo	$271,000	$172	64
1518 Hass Dr	0.22mi	4/2.0	1,680 (+15%)	2mo	$251,000	$149	62
2716 Kettering Dr	0.39mi	3/1.0 (-1)	1,578 (+8%)	1mo	$259,000	$164	61
2301 Union Ave	0.68mi	4/1.5	1,593 (+9%)	2mo	$235,000	$148	52
54335 Maple Lane Ave	0.54mi	3/1.0 (-1)	1,330 (-9%)	2mo	$197,500	$148	50
2514 Edison Rd	0.52mi	3/1.5 (-1)	1,640 (+12%)	2mo	$239,000	$146	49
54162 N Ironwood Rd	0.75mi	3/2.0 (-1)	1,392 (-5%)	2mo	$165,000	$119	48

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 · 3.0% rent growth · sell at horizon

5-year hold

• IRR: -12.2%
• Equity multiple: 0.56×
• Total profit: $-29,661
• Equity at exit: $35,770

10-year hold

• IRR: -3.1%
• Equity multiple: 0.79×
• Total profit: $-14,054
• Equity at exit: $20,742

Cash invested: $67,172 (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 46635

• Home prices YoY: -29.8%
• Active inventory: 32
• Price-to-rent: 9.3×

Monthly cashflow live

• Estimated rent: $2,150 high
• Mortgage (P&I): −$1,258
• Tax from tax record: −$195 /mo · $2,346/yr
• Insurance: −$100
• HOA: −$0
• Vacancy / Maint / Mgmt: −$452
• Net cashflow: $145

Break-even live

Break-even rent $1,966

Max offer price $239,900

Occupancy floor 88%

Sensitivity live

Price	-10% $281	-5% $213	+0% $145	+5% $77	+10% $9
Rent	-10% $-25	-5% $60	+0% $145	+5% $230	+10% $315
Rate	-1.0pp $266	-0.5pp $206	base $145	+0.5pp $83	+1.0pp $20

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: $59,975
• Closing costs: $7,197
• Reserves months: —
• Total cash needed: —

Rent comps 7 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
1160 Helmen Dr South Bend, IN	3.0	2.0	1528	$2,300	$1.51	15d	1	0.59mi
5640 Irish Way Mishawaka, IN	3.0	2.0	1189	$1,675	$1.41	45d	1	0.97mi
1824 Peachtree Ln South Bend, IN	3.0	1.5	1852	$2,700	$1.46	23d	1	0.98mi
5630 University Park Dr Mishawaka, IN	1.0–3.0	1.0–1.5	950	$2,003	$2.11	15d	17	1.09mi
300 Pin Oak Cir Mishawaka, IN	1.0–3.0	1.0–1.5	835	$1,225	$1.47	15d	1	1.23mi
724 Northwood Dr South Bend, IN	4.0	2.0	1594	$2,600	$1.63	45d	1	1.37mi
303 Village Dr Mishawaka, IN	1.0–3.0	1.0–1.5	918	$1,975	$2.15	15d	25	1.47mi

Listing history 9 events

1. 2026-06-22
   days on market $239,900 Active 11 DOM
2. 2026-06-18
   days on market $239,900 Active 8 DOM
3. 2026-06-17
   days on market $239,900 Active 7 DOM
4. 2026-06-16
   days on market $239,900 Active 6 DOM
5. 2026-06-15
   price $239,900 Active 5 DOM
6. 2026-06-15
   days on market $249,900 Active 5 DOM
7. 2026-06-14
   days on market $249,900 Active 3 DOM
8. 2026-06-13
   remarks 459-char remark
9. 2026-06-13
   listed $249,900 Active 2 DOM

ⓘ 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: $2,346 · $195/mo
• Projected year-2 tax: $2,346 · $195/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 2/10 Low 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: $25,802
• − Mortgage interest: −$13,438
• − Property taxes: −$2,346
• − Insurance: −$1,200
• − Repairs & maintenance: −$2,064
• − Management: −$2,064
• − Depreciation: −$6,979
• Taxable loss: −$2,288
• Est. tax savings @ 24.0%: +$549
• After-tax cash flow: $2,291/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
• City population: 99,767
• Population (ZIP): 6,552

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 (84%)
• Race & ethnicity: White 84% Two or more races 8% Black 5% Asian 3% Hispanic / Latino 1%
• Common ancestry: Romanian 7% Slovak 2% Iranian 2%
• Foreign-born: 4% · Canada, China, Vietnam
• Languages at home: 95% English-only · Spanish 1% Vietnamese 1% Arabic 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: ▼ -90.65%
• Current HPI: 213.5397
• Rent YoY: —
• Metro: —
• 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

1 event — show timeline

• 2026-06-10 Listed $249,900 IRMLS

Property tax history

+3.2%/yr

Latest (2025): $2,346 · +3.4% YoY. Source: county tax records.