1206 Honan DrSouth BendIN46614
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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 1206 Honan Dr, South Bend, IN, 46614 listed at $458,000 pairs $2,482/mo rent with a $2,242/mo payment. Total monthly income runs $2,482/mo. Return on cash invested measures 12.74% in year one, and rental yield registers 6.5% at a $458,000 basis. Equity gained on principal adds $2,955/yr, and annual property appreciation at 5% supports $126,537 by year five. Five-year ROI tracks 66.02% and total cumulative return in cash totals $100,233. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,482/mo property income relative to a $2,242/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Condo
Built in 1919
4,791 sqft lot
$N/A/sqft
$5,655 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46614, South Bend, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,675 (100%) |
| Owner Occupied HU | 9,722 (71.1%) |
| Renter Occupied HU | 3,210 (23.5%) |
| Vacant Housing Units | 743 ( 5.4%) |
| Median Home Value | $219,724 |
| Average Home Value | $250,540 |
Housing Distribution
Address Breakdown
Residential
13,174
Single Family
11,556
Multi-Family
1,618
Businesses
438
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Listed by: Dru W Cash • RE/MAX 100
Mls Name: IRMLS
Mls Provider:
Mls ID: #202528974
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.