1705 S Bend Ave Unit 305South BendIN46617
INVESTMENT ANALYSIS
Investment Verdict
Appreciation PlayYield and appreciation often trade off, and at 1705 S Bend Ave Unit 305, South Bend, IN, 46617 in South Bend the bet is firmly on appreciation. Rental yield 4.37%. The 4.37% gross yield on a $705,199 price is below income-first thresholds, but 5%/yr value growth projects $194,833 in equity by year five. Ziffy Mortgage's non-U.S. DSCR mortgage (0.81) finances the acquisition on rental income alone. A larger down payment (30–35%) reduces monthly debt service and tightens the spread. Total projected cumulative return: $159,761.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 4.4% | 5.8% |
| Monthly Cash Flow | $(2,059) | $850 |
City averages based on South Bend market data in our database. Property projections are estimates.
DSCR Rental Loan Qualification
Qualifies using the property's rental income, not your personal income.
- ✓No W-2, pay stubs, or tax returns needed
- ✓Rental income qualifies you
- ✓Built for real estate investors
| Monthly Rental Income | $2,569 |
| Total Monthly Debt Service | $3,953 |
| DSCR Ratio | 0.65x |
Ziffy Mortgage typically prefers a DSCR of 1.0+, but in some cases you may qualify with a DSCR below 1. To explore if this deal qualifies for an investment mortgage, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Condo
Built in 2025
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46617, South Bend, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,952 (100%) |
| Owner Occupied HU | 2,445 (41.1%) |
| Renter Occupied HU | 2,305 (38.7%) |
| Vacant Housing Units | 1,202 (20.2%) |
| Median Home Value | $267,663 |
| Average Home Value | $323,517 |
Housing Distribution
Address Breakdown
Residential
4,804
Single Family
3,675
Multi-Family
1,129
Businesses
341
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
Condo
Built in 2025
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46617, South Bend, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,952 (100%) |
| Owner Occupied HU | 2,445 (41.1%) |
| Renter Occupied HU | 2,305 (38.7%) |
| Vacant Housing Units | 1,202 (20.2%) |
| Median Home Value | $267,663 |
| Average Home Value | $323,517 |
Housing Distribution
Address Breakdown
Residential
4,804
Single Family
3,675
Multi-Family
1,129
Businesses
341
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: N/A • N/A
Mls Name: IRMLS
Mls ID: #202615999