132 Spruce 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 132 Spruce St, South Bend, IN, 46616 with 5% annual appreciation on a $182,900 basis while $1,451/mo rent supports operations. Total monthly income totals $1,451/mo and a $895/mo payment preserves $353/mo for cash returns. Annual cash flow comes to $4,239/yr on $60,631 deployed, and return on cash invested reaches 26.9% in year one. Equity gained on principal adds $1,180/yr, and five-year appreciation sums $50,532 alongside rental yield of 9.52%. Five-year ROI measures 140.15% and total cumulative return in cash totals $84,975.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,451/mo property income versus a $895/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
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
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