1422 McKinley AveSouth 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 1422 McKinley Ave, South Bend, IN, 46617 uses $92,820 cash to close to unlock $6,140/yr annual cash flow and $512/mo monthly cash flow. Total monthly income runs $2,192/mo, and a $1,370/mo payment keeps the spread at $512/mo. Purchase price stands at $280,000, and rental yield measures 9.39% with $2,192/mo rent. Return on cash invested shows 26.52% in year one, and 5% annual appreciation builds toward $77,359 over five years. Five-year ROI reaches 138.07% and total cumulative return in cash records $128,157. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,192/mo property income covering a $1,370/mo payment rather than investor’s personal income.
Single Family
Built in 1941
6,534 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: Nick Benninghoff • Cressy & Everett - South Bend
Mls Name: IRMLS
Mls ID: #202543116