1620 N Wellington St, South Bend, IN, 46628 | $445/mo Cash Flow

For Sale

Ziffy Mortgage

NMLS #2625701

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1612 N Wellington St, South Bend, IN, 46628

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

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Investment Highlights

Investment property for sale in South Bend at 1620 N Wellington St, South Bend, IN, 46628 earns $445/mo cash flow from $1,525/mo rent with a $881/mo payment. Total monthly income totals $1,525/mo, and annual cash flow totals $5,335/yr on $59,637 capital. ROI tracks 28.86% on current figures, and rental yield reads 10.17% at a $179,900 purchase. Equity gained on principal adds $1,161/yr, and 5% annual appreciation supports $49,703 over five years. Five-year ROI reaches 150.61% and total cumulative return in cash sums $89,817. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,525/mo property income instead of your personal income.

Single Family

Built in 1953

6,969 sqft lot

$N/A/sqft

No HOA