115 N Varsity DrSouth 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
Rental property for sale in South Bend at 115 N Varsity Dr, South Bend, IN, 46615 priced at $250,000 pairs $1,267/mo rent with after a $1,224/mo payment. Total monthly income equals $1,267/mo. Return on cash invested is 16.05% in year one, and rental yield stands at 6.08% on a $250,000 basis. Equity gained on principal adds $1,613/yr, and 5% annual appreciation accumulates to $69,070 by year five. Five-year ROI measures 82.1% and total cumulative return in cash reaches $68,038. For financing, Ziffy Mortgage’s DSCR program evaluates $1,267/mo property income against a $1,224/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1971
9,583 sqft lot
$N/A/sqft
No HOA
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Listed by: Douglas Birkey • Cressy & Everett - South Bend
Mls Name: IRMLS
Mls Provider:
Mls ID: #202522282
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.