1426 Byron DrSouth 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
Rental property for sale in South Bend at 1426 Byron Dr, South Bend, IN, 46614 priced at $199,900 converts $2,424/mo rent into $1,202/mo cash flow after a $978/mo obligation. Total monthly income equals $2,424/mo, and annual cash flow totals $14,424/yr on $66,267 invested. Return on cash invested prints 41.67% in year one, and rental yield reads 14.55% against a $199,900 entry. Equity gained on principal adds $1,290/yr, while 5% annual appreciation compiles into $55,229 by year five. Five-year ROI reaches 219.48% and total cumulative return in cash sums $145,441. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,424/mo property income covering a $978/mo payment, not borrower’s personal income.
Single Family
Built in 1958
9,147 sqft 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: Elana Eperjesi • Weichert Rltrs-J.Dunfee&Assoc.
Mls Name: IRMLS
Mls Provider:
Mls ID: #202518328
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.