1253 Echoes Circle Lot 22South 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
Investment property for sale in South Bend at 1253 Echoes Circle Lot 22, South Bend, IN, 46617 offers a 5.6% rental yield on a $814,900 purchase with $3,803/mo rent. 19% in year one. Equity gained on principal adds $5,258/yr while 5% annual appreciation supports $225,142 over five years. Portfolio math shows five-year ROI at 77.22% and total cumulative return in cash at $207,042. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $3,803/mo property income against a $3,989/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 2021
5,806 sqft lot
$N/A/sqft
No 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 ID: #202528855