1521 N Wellington StSouth BendIN46628
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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 1521 N Wellington St, South Bend, IN, 46628 offers a 13.22% rental yield on a $154,000 purchase with $1,696/mo rent. Total monthly income registers $1,696/mo, and a $754/mo payment leaves $771/mo available for distribution. Annual cash flow reaches $9,256/yr on $51,051 to close, and return on cash invested stands at 38.04% in year one. Equity gained on principal adds $994/yr while 5% annual appreciation supports $42,547 over five years. Portfolio math shows five-year ROI at 199.87% and total cumulative return in cash at $102,038. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,696/mo property income against a $754/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1952
6,969 sqft lot
$N/A/sqft
No HOA
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Listed by: Lisa R Reynolds • Weichert Rltrs-J.Dunfee&Assoc.
Mls Name: IRMLS
Mls Provider:
Mls ID: #202518417
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.