113 N Ironwood Dr, South Bend, IN, 46615 | $354/mo Cash Flow

For Sale

Fix & Flip

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Investment property for sale in South Bend at 113 N Ironwood Dr, South Bend, IN, 46615 listed at $190,000 pairs $1,495/mo rent with a $930/mo payment to leave $354/mo cash flow. Total monthly income runs $1,495/mo, and annual cash flow reaches $4,253/yr on $62,985 cash to close. Return on cash invested measures 26.66% in year one, and rental yield registers 9.44% at a $190,000 basis. Equity gained on principal adds $1,226/yr, and annual property appreciation at 5% supports $52,494 by year five. Five-year ROI tracks 138.85% and total cumulative return in cash totals $87,456. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,495/mo property income relative to a $930/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).

Single Family

Built in 1946

6,534 sqft lot

$N/A/sqft

No HOA