1207 Apple Ridge CtSouth 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 1207 Apple Ridge Ct, South Bend, IN, 46614 earns $502/mo cash flow from $2,242/mo rent with a $1,419/mo payment. Total monthly income totals $2,242/mo, and annual cash flow totals $6,020/yr on $96,102 capital. ROI tracks 26.17% on current figures, and rental yield reads 9.28% at a $289,900 purchase. Equity gained on principal adds $1,871/yr, and 5% annual appreciation supports $80,094 over five years. Five-year ROI reaches 136.2% and total cumulative return in cash sums $130,893. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,242/mo property income instead of your personal income.
Condo
Built in 2000
0.30 Acres lot
$N/A/sqft
No 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: Lisa Schrock • Berkshire Hathaway HomeServices Elkhart
Mls Name: IRMLS
Mls ID: #202536285