1029 W Bryan StSouth BendIN46616
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Ziffy AI Summary
A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
- Attractive rent-to-price ratio for income stability
- Good fit for DSCR financing with healthy coverage
Investment Highlights
Rental property for sale in South Bend at 1029 W Bryan St, South Bend, IN, 46616 generates $977/mo in rent and, after a $612/mo payment, leaves $226/mo in cash flow. Total monthly income is $977/mo, and annual cash flow is $2,718/yr on $41,438 invested. Return on cash invested sits at 26.47% in year one, and rental yield is 9.38% on a $125,000 entry. Equity gained on principal adds $807/yr, while 5% annual appreciation builds toward $34,535 over five years. Five-year ROI reaches 137.83% and total cumulative return in cash sums $57,113. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $977/mo property income rather than buyer’s personal income.
Single Family
Built in 1947
5,227 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46616, South Bend, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,887 (100%) |
| Owner Occupied HU | 1,445 (50.1%) |
| Renter Occupied HU | 1,103 (38.2%) |
| Vacant Housing Units | 339 (11.7%) |
| Median Home Value | $164,220 |
| Average Home Value | $197,168 |
Housing Distribution
Address Breakdown
Residential
2,531
Single Family
2,351
Multi-Family
180
Businesses
63
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Listed by: Connie S Shaffer • Market Place Realty, Inc.
Mls Name: IRMLS
Mls ID: #202538179