710 Laporte Ave · South Bend, IN 46628

$74,900

2 bd · 1.0 ba · 896 sqft · SingleFamily public records · 10 Days on market

Built 1895 5,227 sqft lot Est $113k · 34% 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 +30.0/30.0
• ARV discount +15.0/15.0
• 1% rule +10.0/10.0
• DSCR +10.0/10.0
• Rent growth +4.2/5.0
• Livability +3.2/5.0
• Condition / age +2.5/5.0
• Schools +1.4/10.0
• Appreciation +0.0/10.0

Listing remarks

Investor Opportunity or Affordable Owner-Occupant Home! Welcome to 710 Laporte Avenue, a solid home with a strong rental history and plenty of potential. Whether you're looking to add a proven income-producing property to your portfolio or searching for a home you can personalize over time, this property offers excellent flexibility. The home can be enjoyed as-is, while also providing an opportunity for updates and improvements to match your style and vision. A detached garage offers additional storage, parking, or workspace, adding to the property's functionality. Conveniently located near downtown South Bend, you'll enjoy easy access to shopping, dining, and entertainment. With its combin

Key facts

• Value-add potential
• Detached garage
• 5,227 sq ft lot

Tags

• DETACHED GARAGE
• NEAR DOWNTOWN SOUTH BEND
• EASY ACCESS TO SHOPPING
• VALUE-ADD POTENTIAL

Property features AI

Finance

• Other: Property listed with At Home Realty Group

Exterior

• Parking: Detached 1-car garage
• Utilities: Public water; Public sewer
• Home design: Single-family residence; Site-built home; Single-story
• Construction: Aluminum siding
• Exterior features: Lot dimensions approximately 43 x 124; Lot size about 0.12 acre

Interior

• Kitchen: Gas range; Refrigerator
• Bedrooms: Total rooms: 8; Laundry on main level
• Bathrooms: 1 full bathroom (main level)
• Heating & cooling: Forced air heating; No central air
• Interior features: Refrigerator; Gas range; Unfinished basement
• Laundry & utility: Main-level laundry

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath single-family listed at $75k.

Deal economics

• At list price, monthly cash flow is $388 ($5k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $75k).
• Cap rate 12.5% 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: Madison S.T.E.A.M. Academy (math 2% / reading 2%, grade F, #994 of 994 statewide, top 100%, 618 students, 93% FRL); Lasalle Academy (math 23% / reading 53%, grade F, #136 of 330 statewide, top 44%, 488 students, 56% FRL); Riley High School (math 19% / reading 46%, grade F, #293 of 369 statewide, top 80%, 992 students, 67% FRL).
• Market conditions: Rents rising fast (+6.8%/yr); 424 active listings in the ZIP; 35 comparable units currently listed for rent nearby; rentals at typical pace (median 23d 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 $518 of loan paydown is wiped out by about $2k of value loss. Plan a longer hold.
• At projected returns (-3.0% appreciation + 6.8% rent growth), your $21k cash investment doubles in ~5 years — after that, you're playing with house money.

Negotiation context

• Only 10 days on market — expect competitive offers; lowballing is unlikely to land.
• 5 sale attempts since 8y 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.
• Current owner paid $28k; list at $75k implies a 172% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: property tax is 2.6% of price; built in 1895 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $74,900

Questions for the listing agent

1. Built in 1895 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
2. Property tax is high relative to price — has the assessment been appealed recently, and will the sale trigger a re-assessment?
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: 1.65% ✓
• Cap rate: 12.52%
• Cash-on-cash: 22.22%
• DSCR: 1.99
• GRM: 5.1

CMA / ARV

• ARV (on-the-fly): $112,896
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
722 Johnson St	0.29mi	2/1.0	892 (-0%)	0mo	$65,000	$73	85
925 Sancome Ave	0.23mi	3/1.0 (+1)	864 (-4%)	1mo	$108,000	$125	78
1118 N Brookfield St	0.45mi	2/1.0	864 (-4%)	1mo	$159,900	$185	72
1521 Van Buren St	0.18mi	2/1.0	792 (-12%)	1mo	$60,000	$76	72
1133 Wilber St	0.43mi	2/1.0	842 (-6%)	3mo	$138,000	$164	67
1119 College St	0.44mi	3/1.0 (+1)	960 (+7%)	3mo	$121,000	$126	60
1322 Johnson St	0.65mi	2/2.0	912 (+2%)	3mo	$72,500	$79	60
1133 N Brookfield St	0.49mi	2/1.0	792 (-12%)	0mo	$112,900	$143	57
1134 College St	0.45mi	2/1.0	792 (-12%)	3mo	$115,600	$146	57
1501 N Adams St	0.75mi	2/1.0	840 (-6%)	0mo	$134,900	$161	54
1122 Fremont St	0.71mi	3/1.0 (+1)	1,008 (+12%)	2mo	$120,000	$119	39
1414 Wilber St	0.71mi	3/1.0 (+1)	1,020 (+14%)	0mo	$118,000	$116	38

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 · 6.78% rent growth · sell at horizon

5-year hold

• IRR: 19.6%
• Equity multiple: 1.84×
• Total profit: $17,533
• Equity at exit: $11,168

10-year hold

• IRR: 30.5%
• Equity multiple: 4.29×
• Total profit: $68,981
• Equity at exit: $6,476

Cash invested: $20,972 (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 46628

• Rents YoY: 6.8%
• Active inventory: 424
• Price-to-rent: 5.1×

Monthly cashflow live

• Estimated rent: $1,234 high
• Mortgage (P&I): −$393
• Tax from tax record: −$163 /mo · $1,952/yr
• Insurance: −$31
• HOA: −$0
• Vacancy / Maint / Mgmt: −$259
• Net cashflow: $388

Break-even live

Break-even rent $743

Max offer price $74,900

Occupancy floor 64%

Sensitivity live

Price	-10% $431	-5% $410	+0% $388	+5% $367	+10% $346
Rent	-10% $291	-5% $340	+0% $388	+5% $437	+10% $486
Rate	-1.0pp $426	-0.5pp $407	base $388	+0.5pp $369	+1.0pp $349

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: $18,725
• Closing costs: $2,247
• Reserves months: —
• Total cash needed: —

Rent comps 35 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
736 Lawndale Ave Unit 1 South Bend, IN	3.0	1.0	1072	$1,200	$1.12	15d	1	0.13mi
910 Allen St South Bend, IN	3.0	1.0	1100	$1,350	$1.23	22d	1	0.43mi
717 Huey St South Bend, IN	2.0	1.0	672	$1,050	$1.56	45d	1	0.44mi
729 N Elmer St South Bend, IN	2.0	1.0	672	$1,100	$1.64	15d	1	0.50mi
1237 Wilber St South Bend, IN	2.0	1.0	880	$1,200	$1.36	45d	1	0.55mi
1046 N Elmer St South Bend, IN	2.0	1.0	1050	$1,025	$0.98	22d	1	0.59mi
1201 Woodward Ave South Bend, IN	2.0	1.0	960	$1,675	$1.74	45d	1	0.64mi
2417 Linden Ave South Bend, IN	2.0	1.0	1000	$1,200	$1.20	45d	1	0.65mi
1314 Johnson St South Bend, IN	2.0	1.0	902	$1,150	$1.27	15d	1	0.65mi
1141 Fremont St South Bend, IN	3.0	1.0	760	$1,100	$1.45	22d	1	0.76mi
2013 Elwood Ave South Bend, IN	3.0	1.0	720	$999	$1.39	45d	1	0.77mi
1428 Kessler Blvd South Bend, IN	3.0	1.0	936	$1,000	$1.07	45d	1	0.82mi
1214 Queen St South Bend, IN	3.0	1.0	1056	$1,300	$1.23	15d	1	0.87mi
1505 Huey St South Bend, IN	3.0	1.0	864	$1,425	$1.65	22d	1	0.88mi
1308 Kinyon St South Bend, IN	2.0	1.0	700	$1,100	$1.57	45d	1	0.91mi
1630 Obrien St South Bend, IN	3.0	1.0	1120	$1,400	$1.25	15d	1	0.94mi
1710 Johnson St South Bend, IN	3.0	1.0	1000	$1,350	$1.35	45d	1	1.00mi
1614 Fremont St South Bend, IN	2.0	1.0	720	$850	$1.18	22d	1	1.03mi
344 Parkovash Ave South Bend, IN	3.0	1.0	950	$1,900	$2.00	15d	1	1.04mi
2823 Calhoun St South Bend, IN	2.0	1.0	720	$1,249	$1.73	45d	1	1.04mi
1709 Huey St South Bend, IN	2.0	1.0	720	$995	$1.38	22d	1	1.06mi
208 S Bendix Dr South Bend, IN	3.0	1.0	864	$1,150	$1.33	22d	1	1.08mi
125 W Marion St South Bend, IN	2.0	1.0	672	$1,350	$2.01	15d	5	1.12mi
1317 Poland St South Bend, IN	3.0	1.0	1100	$1,300	$1.18	22d	1	1.14mi
937 Roosevelt St South Bend, IN	2.0	1.0	720	$1,060	$1.47	45d	1	1.14mi
1033 Beale St South Bend, IN	3.0	1.0	840	$1,250	$1.49	22d	1	1.17mi
3224 Ardmore Trl South Bend, IN	1.0	1.0	675	$864	$1.28	15d	2	1.17mi
211 W Washington St South Bend, IN	3.0	1.0–2.5	1162	$5,399	$4.64	22d	19	1.18mi
929 Beale St South Bend, IN	2.0	1.0	720	$975	$1.35	45d	1	1.21mi
453 S Kaley St Unit 1 South Bend, IN	2.0	1.0	1100	$1,050	$0.95	45d	1	1.22mi
1301 N Michigan St South Bend, IN	1.0	1.0	575	$740	$1.29	22d	1	1.27mi
307 E Lasalle Ave South Bend, IN	1.0–2.0	1.0–2.0	925	$1,670	$1.80	15d	22	1.34mi
300 E Lasalle Ave South Bend, IN	3.0	1.0–3.0	1013	$2,409	$2.38	15d	31	1.39mi
716 N Niles Ave South Bend, IN	1.0–2.0	1.0–2.0	732	$1,750	$2.39	15d	11	1.46mi
421 S Lake St South Bend, IN	2.0	1.0	900	$1,200	$1.33	45d	1	1.50mi

Listing history 8 events

1. 2026-06-15
   statusdays on market $74,900 Pending 10 DOM
2. 2026-06-14
   days on market $74,900 Active 9 DOM
3. 2026-06-13
   days on market $74,900 Active 8 DOM
4. 2026-06-10
   days on market $74,900 Active 6 DOM
5. 2026-06-09
   days on market $74,900 Active 5 DOM
6. 2026-06-08
   days on market $74,900 Active 4 DOM
7. 2026-06-07
   remarks 699-char remark
8. 2026-06-07
   listed $74,900 Active 3 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: $1,952 · $163/mo
• Projected year-2 tax: $1,952 · $163/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 3 unhealthy d/yr today · 3 by 30 yrs out

Taxation est. · year 1

• Rental income: $14,811
• − Mortgage interest: −$4,196
• − Property taxes: −$1,952
• − Insurance: −$374
• − Repairs & maintenance: −$1,185
• − Management: −$1,185
• − Depreciation: −$2,179
• Taxable income: $3,740
• Est. tax owed @ 24.0%: −$898
• After-tax cash flow: $3,763/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): 27,685
• Household income: $61,759
• Rent vs Own: 31.6% rent · 68.4% own
• Severe rent burden: 1024.0

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: Diverse neighborhood (Simpson 0.60)
• Race & ethnicity: White 55% Black 30% Hispanic / Latino 10% Two or more races 8%
• Hispanic origin (detail): Mexican 8%
• Common ancestry: Romanian 12% Lithuanian 1% Slovak 1%
• Foreign-born: 7% · Canada, China
• Languages at home: 89% English-only · Spanish 7% Russian/Polish/Slavic 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: ▼ -130.47%
• Current HPI: 202.112
• Rent YoY: ▲ 6.78%
• 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

+36.4% since first listed

6 events — show timeline

• 2026-06-04 Listed $74,900 IRMLS
• 2019-07-02 Sold (MLS) $27,500 IRMLS
• 2019-05-15 Listed $29,900 IRMLS
• 2018-12-28 Listed $27,900 IRMLS
• 2018-07-01 Listed $38,000 IRMLS
• 2018-02-16 Listed $54,900 IRMLS

Property tax history

-2.3%/yr

Latest (2024): $1,952 · +59.9% YoY. Source: county tax records.