132 Spruce StSouth BendIN46616
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeThe income profile at 132 Spruce St, South Bend, IN, 46616 in South Bend is straightforward: $182,900 in, $1,451/mo in rent, $353/mo out after debt service. The 9.52% gross yield and 1.77 DSCR make this exactly the kind of asset Ziffy Mortgage finances for non-U.S. residents without income documentation. Appreciation at 5%/yr adds $50,532 by year five. With $1,685/yr in principal equity, the total cumulative return is projected at $91,992.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 9.5% | 5.8% |
| Monthly Cash Flow | $353 | $850 |
City averages based on South Bend market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,451 |
| Total Monthly Debt Service | $1,025 |
| DSCR Ratio | 1.42x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 1999
7,700 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
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
Single Family
Built in 1999
7,700 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: N/A • N/A
Mls Name: undefined
Mls ID: #N/A