1255 E Madison StSouth BendIN46617
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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 1255 E Madison St, South Bend, IN, 46617 priced at $499,900 converts $3,340/mo rent into $339/mo cash flow after a $2,447/mo obligation. Total monthly income equals $3,340/mo, and annual cash flow totals $4,067/yr on $165,717 invested. Return on cash invested prints 22.36% in year one, and rental yield reads 8.02% against a $499,900 entry. Equity gained on principal adds $3,226/yr, while 5% annual appreciation compiles into $138,113 by year five. Five-year ROI reaches 115.75% and total cumulative return in cash sums $191,820. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,340/mo property income covering a $2,447/mo payment, not borrower’s personal income.
Single Family
Built in 1926
8,712 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
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Listed by: Stephen C Smith • Irish Realty
Mls Name: IRMLS
Mls Provider:
Mls ID: #202514883
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.