1600 Blue Heron WaySouth 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 1600 Blue Heron Way, South Bend, IN, 46628 uses $72,930 cash to close to unlock $7,310/yr annual cash flow and $609/mo monthly cash flow. Total monthly income runs $2,185/mo, and a $1,077/mo payment keeps the spread at $609/mo. Purchase price stands at $220,000, and rental yield measures 11.92% with $2,185/mo rent. Return on cash invested shows 29.93% in year one, and 5% annual appreciation builds toward $60,782 over five years. Five-year ROI reaches 157.93% and total cumulative return in cash records $115,175. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,185/mo property income covering a $1,077/mo payment rather than investor’s personal income.
Condo
Built in 1990
N/A lot
$N/A/sqft
$255 monthly HOA
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Listed by: Nicholas Molnar • Realst8.com LLC
Mls Name: IRMLS
Mls Provider:
Mls ID: #202518656
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.