1216 Edgewood DrSouth BendIN46616
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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 1216 Edgewood Dr, South Bend, IN, 46616 earns $201/mo cash flow from $801/mo rent with a $489/mo payment. Total monthly income totals $801/mo, and annual cash flow totals $2,414/yr on $33,150 capital. ROI tracks 27.19% on current figures, and rental yield reads 9.61% at a $100,000 purchase. Equity gained on principal adds $645/yr, and 5% annual appreciation supports $27,628 over five years. Five-year ROI reaches 141.77% and total cumulative return in cash sums $46,996. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $801/mo property income instead of your personal income.
Single Family
Built in 1949
10,454 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46616, South Bend, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,887 (100%) |
| Owner Occupied HU | 1,445 (50.1%) |
| Renter Occupied HU | 1,103 (38.2%) |
| Vacant Housing Units | 339 (11.7%) |
| Median Home Value | $164,220 |
| Average Home Value | $197,168 |
Housing Distribution
Address Breakdown
Residential
2,531
Single Family
2,351
Multi-Family
180
Businesses
63
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Listed by: Carson L Eddy • C21 Affiliated
Mls Name: IRMLS
Mls ID: #202546840