1231 Echoes Cir #11South BendIN46617
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 1231 Echoes Cir #11, South Bend, IN, 46617 generates $8,412/mo in rent and, after a $3,407/mo payment, leaves $3,933/mo in cash flow. Total monthly income is $8,412/mo, and annual cash flow is $47,201/yr on $229,039 invested. Return on cash invested sits at 40.67% in year one, and rental yield is 14.5% on a $696,167 entry. Equity gained on principal adds $4,492/yr, while 5% annual appreciation builds toward $192,338 over five years. Five-year ROI reaches 214.46% and total cumulative return in cash sums $491,196. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $8,412/mo property income rather than buyer’s personal income.
Condo
Built in 2022
4,356 sqft lot
$N/A/sqft
$900 quarterly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46617, South Bend, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,952 (100%) |
| Owner Occupied HU | 2,445 (41.1%) |
| Renter Occupied HU | 2,305 (38.7%) |
| Vacant Housing Units | 1,202 (20.2%) |
| Median Home Value | $267,663 |
| Average Home Value | $323,517 |
Housing Distribution
Address Breakdown
Residential
4,804
Single Family
3,675
Multi-Family
1,129
Businesses
341
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Stephen C Smith • Irish Realty
Mls Name: IRMLS
Mls Provider:
Mls ID: #202501325
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.