1609 Florence AveSouth 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 1609 Florence Ave, South Bend, IN, 46628 with 5% annual appreciation on a $136,000 basis while $1,973/mo rent supports operations. Total monthly income totals $1,973/mo and a $666/mo payment preserves $1,123/mo for cash returns. Annual cash flow comes to $13,481/yr on $45,084 deployed, and return on cash invested reaches 49.81% in year one. Equity gained on principal adds $878/yr, and five-year appreciation sums $37,574 alongside rental yield of 17.41%. Five-year ROI measures 263.35% and total cumulative return in cash totals $118,730.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,973/mo property income versus a $666/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1896
4,356 sqft lot
$N/A/sqft
No HOA
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Listed by: Jeremy A Williamson • McKinnies Realty, LLC
Mls Name: IRMLS
Mls Provider:
Mls ID: #202527314
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