1520 Oakdale DrSouth BendIN46614
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
Investment Highlights
Investment property for sale in South Bend at 1520 Oakdale Dr, South Bend, IN, 46614 at $189,000 posts ROI 28.3% with $438/mo cash flow from $1,582/mo rent. Total monthly income equals $1,582/mo, and annual cash flow records $5,257/yr on $62,654 to close. Return on cash invested measures 28.3% and rental yield reads 10.04% at the current $189,000. Equity gained on principal adds $1,220/yr, and 5% annual appreciation supports $52,217 by year five. Five-year ROI prints 147.72% and total cumulative return in cash totals $92,554.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $1,582/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1961
8,712 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: Wayne R Birkey • Cressy & Everett - South Bend
Mls Name: IRMLS
Mls Provider:
Mls ID: #202515654
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.