1240 Brummit LnSouth BendIN46615
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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 1240 Brummit Ln, South Bend, IN, 46615 offers $1,527/mo rent that, after a $972/mo payment, leaves $335/mo cash flow. Total monthly income is $1,527/mo, and annual cash flow is $4,020/yr on $65,803 cash. Return on cash invested measures 26.02% in year one, and rental yield stands at 9.23% at a $198,500 entry. Equity gained on principal adds $1,281/yr while 5% annual appreciation compounds into $54,842 by year five. Five-year ROI records 135.34% and total cumulative return in cash reaches $89,057. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,527/mo property income versus a $972/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1954
6,098 sqft lot
$N/A/sqft
No HOA
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Listed by: Joel Fourman • Re/Max County Wide 1st
Mls Name: IRMLS
Mls Provider:
Mls ID: #202509737
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.