1222 Berkshire 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
Rental property for sale in South Bend at 1222 Berkshire Dr, South Bend, IN, 46614 generates $2,104/mo in rent and, after a $1,272/mo payment, leaves $544/mo in cash flow. Total monthly income is $2,104/mo, and annual cash flow is $6,527/yr on $86,157 invested. Return on cash invested sits at 27.49% in year one, and rental yield is 9.71% on a $259,900 entry. Equity gained on principal adds $1,677/yr, while 5% annual appreciation builds toward $71,806 over five years. Five-year ROI reaches 143.22% and total cumulative return in cash sums $123,394. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,104/mo property income rather than buyer’s personal income.
Single Family
Built in 1973
0.41 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: Sonya S Glenn • Berkshire Hathaway HomeServices Northern Indiana Real Estate
Mls Name: IRMLS
Mls ID: #202543148