1740-206 W South BndSouth BendIN46637
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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 1740-206 W South Bnd, South Bend, IN, 46637 earns from $1,116/mo rent with a $2,056/mo payment. Total monthly income totals $1,116/mo. ROI tracks 7.8% on current figures, and rental yield reads 3.19% at a $420,000 purchase. Equity gained on principal adds $2,710/yr, and 5% annual appreciation supports $116,038 over five years. Five-year ROI reaches 37.64% and total cumulative return in cash sums $52,411. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,116/mo property income instead of your personal income.
Condo
Built in 2023
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46637, South Bend, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,941 (100%) |
| Owner Occupied HU | 4,678 (52.3%) |
| Renter Occupied HU | 2,790 (31.2%) |
| Vacant Housing Units | 1,473 (16.5%) |
| Median Home Value | $215,397 |
| Average Home Value | $250,256 |
Housing Distribution
Address Breakdown
Residential
7,618
Single Family
6,490
Multi-Family
1,128
Businesses
323
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Listed by: Tommy Kraemer • Coldwell Banker Real Estate Group
Mls Name: IRMLS
Mls ID: #202532023