LTR & STR financial performance, market growth indicators, and school ratings.
LTR Financial Performance
Median Price
LTR Rent
$1,382
Monthly Cash Flow
$178
Principal + Equity
$1,589
Annual Total Gain
$21,202
Cash on Cash
4.61%
Net ROI %
Market Grades and Information
Best Places to Live Ranking
Public school quality, cost of living, commute, and lifestyle ratings.
B
Overall
Top-level market grade
Most Diverse Cities in America
#64out of 229 markets
Best Cities to Buy a House in America
#10out of 229 markets
Cities with the Lowest Cost of Living in America
#4out of 229 markets
B-
Public School
Short-Term Rental (STR) Regulations
Local rules and guidelines for operating short-term rentals in South Bend, IN.
As of September 2021, South Bend, IN does not have specific regulations in place for short term rentals (STRs). However, it is important for investors to be aware of potential changes in regulations and to stay informed about any updates from the city government.
Investors should also consider the potential impact of STRs on the local community, including concerns about noise, parking, and property maintenance. It is important to be a responsible host and to ensure that guests are respectful of the neighborhood and local regulations.
Additionally, investors should be aware of any potential licensing or permitting requirements for STRs in South Bend, as well as any taxes that may apply to short term rental income. It is important to comply with all local laws and regulations to avoid any potential fines or penalties.
Overall, while South Bend does not currently have specific regulations for STRs, investors should carefully consider the potential risks and responsibilities of operating a short term rental property in this market. It is important to stay informed about any changes in regulations and to be a responsible host in order to ensure a positive experience for both guests and the local community.
Market Trends Over Time
Explore 25 years of market data for South Bend, IN, including median property prices, long-term rental rates, and days on market — identify growth potential and gauge market stability.
Median Price
Median Rent
Days on Market
Nearest Markets
Explore nearby investment markets close to South Bend, IN.
The LTR Genie Score of South Bend, IN is 73 and STR Genie Score is 72, indicating a moderate level of attractiveness for both long-term and short-term rental investments. The LTR Rentability being low suggests that the market may not be as favorable for long-term rentals compared to short-term rentals. The LTR Net ROI of 45.78% and STR Net ROI of 65.42% indicate that short-term rentals may offer higher returns in this market. The 1-Year Price Appreciation Forecast of 2.84% suggests potential growth in property values. However, the low STR Occupancy rate of 38.71% may pose a challenge for short-term rental investors.
South Bend, IN is a city known for being home to the University of Notre Dame, which could attract a steady stream of potential tenants for both long-term and short-term rentals. The city also has a diverse economy with industries such as healthcare, education, and manufacturing, providing stability for real estate investments.
In conclusion, South Bend, IN may be a suitable market for both long-term and short-term rental investments, with short-term rentals potentially offering higher returns. Investors should carefully consider the occupancy rates and rent growth rates before making a decision on which investment strategy to pursue in this market.
LTR Genie Score 93
$354,900
🛏 5 Beds🛁 3.0000 Baths🏙 3,196 sqft.🏠 SINGLE FAMILY
