1112 Wayne StSouth BendIN46615
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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
Investment property for sale in South Bend at 1112 Wayne St, South Bend, IN, 46615 at $480,000 posts ROI 17.99% with from $2,660/mo rent. Total monthly income equals $2,660/mo. Return on cash invested measures 17.99% and rental yield reads 6.65% at the current $480,000. Equity gained on principal adds $3,097/yr, and 5% annual appreciation supports $132,615 by year five. Five-year ROI prints 92.39% and total cumulative return in cash totals $147,017. You can finance with Ziffy Mortgage’s DSCR loan, which relies on $2,660/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1926
6,969 sqft lot
$N/A/sqft
No HOA
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Nearby investment properties with comparable prices
Listed by: Laurie Ladow • Cressy & Everett - South Bend
Mls Name: IRMLS
Mls Provider:
Mls ID: #202513127
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.