1419 Marine St · South Bend, IN 46635

$79,900

2 bd · 1.0 ba · 864 sqft · SingleFamily public records · 31 Days on market

Built 1902 3,485 sqft lot Est $91k · 12% under

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Why this score? — see what drove the B- 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 +26.9/30.0
• ARV discount +12.9/15.0
• DSCR +9.3/10.0
• 1% rule +7.0/10.0
• 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

Great investment opportunity in South Bend! 2 bed, 1 bathroom. Wood floors, newer roof - check it out and make your offer today!

Key facts

• 3,485 sq ft lot
• Built 1902
• Listed 31 days

Property features AI

Finance

• Other:
• Financial info:
• HOA & community:

Exterior

• Parking:
• Security:
• Utilities: Public water; Public sewer
• Home design: Single-family residential; Site-built home; One story
• Construction: Shingle siding; Asphalt roof; Concrete perimeter foundation; Above-grade finished area of 864
• Exterior features: Wood fencing; Shed(s)

Interior

• Kitchen:
• Bedrooms: Total of 6 rooms (bedroom count not specified)
• Flooring: Hardwood
• Bathrooms: 1 full bathroom (main level)
• Heating & cooling: Central air conditioning
• Interior features: Hardwood flooring; Partial, unfinished basement
• Laundry & utility: Laundry located in basement

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath single-family listed at $80k.

Deal economics

• At list price, monthly cash flow is $222 ($3k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($961 rent vs $80k).
• Recommended offer: $78k (3.0% below list) — sets the bar for market timing.
• Cap rate 9.6% vs local median 4.4% 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: Lincoln Elementary School (math 7% / reading 6%, grade F, #964 of 994 statewide, top 97%, 467 students, 86% FRL); Jackson Middle School (math 3% / reading 8%, grade F, #326 of 330 statewide, top 99%, 528 students, 82% FRL); Riley High School (math 19% / reading 46%, grade F, #293 of 369 statewide, top 80%, 992 students, 67% FRL).
• Market conditions: 32 active listings in the ZIP; 24 comparable units currently listed for rent nearby; rentals at typical pace (median 21d 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 $552 of loan paydown is wiped out by about $2k of value loss. Plan a longer hold.
• At projected returns (-3.0% appreciation + 3.0% rent growth), your $22k cash investment doubles in ~10 years — after that, you're playing with house money.

Negotiation context

• It's been on market 31 days — a 3% lower offer ($78k) is reasonable based on typical stale-listing flexibility.

Risks & watch-outs

• Watch-outs: built in 1902 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $77,503 (3.0% below list)

Questions for the listing agent

1. It's been on market 31 days. Have you received any prior offers? Is the seller open to a 3% concession, seller financing, or rate buy-down credit?
2. Built in 1902 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
4. 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?
5. 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?
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: 1.20% ✓
• Cap rate: 9.63%
• Cash-on-cash: 11.93%
• DSCR: 1.53
• GRM: 6.9

CMA / ARV

• ARV (on-the-fly): $90,720
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
1144 E Dayton St	0.26mi	3/1.0 (+1)	864 (0%)	1mo	$67,000	$78	82
1714 S Twyckenham Dr	0.44mi	2/1.0	870 (+1%)	1mo	$91,000	$105	78
1148 E Dayton St	0.26mi	2/1.0	936 (+8%)	1mo	$67,000	$72	73
1340 E Calvert St	0.43mi	2/1.0	888 (+3%)	3mo	$65,500	$74	73
931 Emerson Ave	0.39mi	2/1.0	816 (-6%)	0mo	$170,000	$208	72
1110 Roberts St	0.27mi	2/1.0	752 (-13%)	3mo	$146,000	$194	63
1201 Oakland St	0.32mi	2/1.0	965 (+12%)	5mo	$118,000	$122	62
804 E Calvert St	0.48mi	2/1.0	779 (-10%)	1mo	$72,000	$92	61
1405 E Donald St	0.53mi	2/1.0	756 (-12%)	2mo	$55,000	$73	53
1710 E Calvert St	0.69mi	1/1.0 (-1)	808 (-6%)	2mo	$115,000	$142	51
1618 E Dayton St	0.54mi	2/1.0	748 (-13%)	2mo	$135,000	$180	51
1113 E Donald St	0.46mi	3/1.0 (+1)	972 (+12%)	5mo	$95,000	$98	49

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: 1.4%
• Equity multiple: 1.05×
• Total profit: $1,220
• Equity at exit: $11,913

10-year hold

• IRR: 11.0%
• Equity multiple: 1.86×
• Total profit: $19,320
• Equity at exit: $6,908

Cash invested: $22,372 (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: 6.9×

Monthly cashflow live

• Estimated rent: $961 high
• Mortgage (P&I): −$419
• Tax from tax record: −$85 /mo · $1,015/yr
• Insurance: −$33
• HOA: −$0
• Vacancy / Maint / Mgmt: −$202
• Net cashflow: $222

Break-even live

Break-even rent $680

Max offer price $79,900

Occupancy floor 72%

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: $19,975
• Closing costs: $2,397
• Reserves months: —
• Total cash needed: —

Rent comps 24 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
1142 E Indiana Ave South Bend, IN	1.0	1.0	751	$599	$0.80	13d	1	0.11mi
1213 E Donald St South Bend, IN	2.0	1.0	648	$1,050	$1.62	20d	1	0.48mi
2114 High St South Bend, IN	3.0	1.0	949	$1,300	$1.37	43d	1	0.62mi
1729 E Calvert St South Bend, IN	3.0	1.0	900	$1,300	$1.44	43d	1	0.71mi
1701 E Donald St South Bend, IN	2.0	1.0	720	$1,075	$1.49	43d	1	0.74mi
604 E South St South Bend, IN	1.0	1.0	750	$825	$1.10	43d	1	0.82mi
1106 S 20th St South Bend, IN	1.0–3.0	1.0–2.0	885	$924	$1.04	13d	1	0.84mi
202 E Calvert St South Bend, IN	2.0	1.0	1000	$999	$1.00	20d	1	0.86mi
533 Columbia St Unit C South Bend, IN	1.0	1.0	600	$700	$1.17	20d	1	0.97mi
237 E Victoria St South Bend, IN	3.0	1.0	840	$995	$1.18	43d	1	1.02mi
214 Altgeld St South Bend, IN	2.0	1.0	950	$1,200	$1.26	20d	1	1.03mi
2804 Delaware St Mishawaka, IN	2.0	1.0	720	$1,200	$1.67	13d	1	1.04mi
1009 E Jefferson Blvd South Bend, IN	2.0	1.0	770	$1,049	$1.36	20d	1	1.08mi
754 S 23rd St South Bend, IN	3.0	1.0	884	$1,300	$1.47	43d	1	1.12mi
2530 Pleasant St Unit 3 South Bend, IN	1.0	1.0	600	$925	$1.54	13d	1	1.16mi
2508 E Mishawaka Ave Unit 3A South Bend, IN	1.0	1.0	600	$1,200	$2.00	43d	1	1.17mi
911 E Washington St South Bend, IN	3.0	1.0	886	$1,195	$1.35	13d	1	1.18mi
1218 S 26th St South Bend, IN	3.0	1.0	856	$1,400	$1.64	13d	1	1.19mi
804 S 27th St South Bend, IN	1.0	1.0	700	$850	$1.21	20d	1	1.34mi
922 Ridgedale Rd South Bend, IN	2.0	1.0	864	$1,200	$1.39	13d	1	1.35mi
1920 S Scott St South Bend, IN	2.0	1.0	816	$1,000	$1.23	13d	1	1.39mi
2102 S Scott St South Bend, IN	3.0	1.0	768	$1,250	$1.63	43d	1	1.42mi
427 S 27th St South Bend, IN	2.0	1.0	840	$950	$1.13	43d	1	1.47mi
526 S 28th St South Bend, IN	2.0	1.0	1000	$1,350	$1.35	13d	1	1.50mi

Listing history 16 events

1. 2026-06-18
   days on market $79,900 Active 31 DOM
2. 2026-06-17
   days on market $79,900 Active 30 DOM
3. 2026-06-16
   days on market $79,900 Active 29 DOM
4. 2026-06-15
   days on market $79,900 Active 28 DOM
5. 2026-06-14
   days on market $79,900 Active 26 DOM
6. 2026-06-13
   days on market $79,900 Active 25 DOM
7. 2026-06-10
   days on market $79,900 Active 23 DOM
8. 2026-06-09
   days on market $79,900 Active 22 DOM
9. 2026-06-08
   days on market $79,900 Active 21 DOM
10. 2026-06-07
    days on market $79,900 Active 20 DOM
11. 2026-06-03
    days on market $79,900 Active 16 DOM
12. 2026-06-02
    days on market $79,900 Active 15 DOM
13. 2026-06-01
    days on market $79,900 Active 14 DOM
14. 2026-05-31
    days on market $79,900 Active 13 DOM
15. 2026-05-30
    days on market $79,900 Active 12 DOM
16. 2026-05-18
    listed $79,900 Active

ⓘ 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: $1,015 · $85/mo
• Projected year-2 tax: $1,015 · $85/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: $11,533
• − Mortgage interest: −$4,476
• − Property taxes: −$1,015
• − Insurance: −$400
• − Repairs & maintenance: −$923
• − Management: −$923
• − Depreciation: −$2,324
• Taxable income: $1,473
• Est. tax owed @ 24.0%: −$354
• After-tax cash flow: $2,315/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

• 2026-05-18 Listed $79,900 IRMLS

Property tax history

+22.8%/yr

Latest (2023): $1,015 · +4.2% YoY. Source: county tax records.