1303 E Erskine Manor HlSouth BendIN46614
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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
Total monthly income runs $3,484/mo, and a $4,038/mo payment. Purchase price stands at $825,000, and rental yield measures 5.07% with $3,484/mo rent. Return on cash invested shows 13.57% in year one, and 5% annual appreciation builds toward $227,932 over five years. Five-year ROI reaches 68.56% and total cumulative return in cash records $186,093. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,484/mo property income covering a $4,038/mo payment rather than investor’s personal income.
Condo
Built in 1990
0.61 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46614, South Bend, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,675 (100%) |
| Owner Occupied HU | 9,722 (71.1%) |
| Renter Occupied HU | 3,210 (23.5%) |
| Vacant Housing Units | 743 ( 5.4%) |
| Median Home Value | $219,724 |
| Average Home Value | $250,540 |
Housing Distribution
Address Breakdown
Residential
13,174
Single Family
11,556
Multi-Family
1,618
Businesses
438
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Listed by: Christopher Szajko • GM Realty LLC
Mls Name: IRMLS
Mls ID: #202520750