1258 Miner 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
Investment property for sale in South Bend at 1258 Miner St, South Bend, IN, 46617 earns $121/mo cash flow from $1,556/mo rent with a $1,170/mo payment. Total monthly income totals $1,556/mo, and annual cash flow totals $1,453/yr on $79,229 capital. ROI tracks 21.74% on current figures, and rental yield reads 7.81% at a $239,000 purchase. Equity gained on principal adds $1,542/yr, and 5% annual appreciation supports $66,031 over five years. Five-year ROI reaches 112.49% and total cumulative return in cash sums $89,124. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,556/mo property income instead of your personal income.
Single Family
Built in 1923
3,920 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: Tyler Glenn • Tiffany Group Real Estate Advisors LLC
Mls Name: IRMLS
Mls ID: #202528181