1308 Kinyon StSouth BendIN46616
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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 1308 Kinyon St, South Bend, IN, 46616 offers a 13.57% rental yield on a $138,000 purchase with $1,561/mo rent. Total monthly income registers $1,561/mo, and a $675/mo payment leaves $733/mo available for distribution. Annual cash flow reaches $8,797/yr on $45,747 to close, and return on cash invested stands at 39.14% in year one. Equity gained on principal adds $890/yr while 5% annual appreciation supports $38,127 over five years. Portfolio math shows five-year ROI at 205.82% and total cumulative return in cash at $94,158. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,561/mo property income against a $675/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Multi Family
Built in 1907
5,227 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46616, South Bend, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,887 (100%) |
| Owner Occupied HU | 1,445 (50.1%) |
| Renter Occupied HU | 1,103 (38.2%) |
| Vacant Housing Units | 339 (11.7%) |
| Median Home Value | $164,220 |
| Average Home Value | $197,168 |
Housing Distribution
Address Breakdown
Residential
2,531
Single Family
2,351
Multi-Family
180
Businesses
63
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Listed by: Jennifer Lillie • Cressy & Everett - South Bend
Mls Name: IRMLS
Mls ID: #202543899