17441 Eldorado LnSouth BendIN46635
INVESTMENT ANALYSIS
Investment Verdict
Solid Income17441 Eldorado Ln, South Bend, IN, 46635 in South Bend is a solid income-producing rental, 8.59% gross yield, $1,711/mo rent, $276/mo net cash flow on a $239,000 buy. DSCR 1.59 qualifies the property for Ziffy Mortgage's financing without personal income documentation. Five-year appreciation of $66,031 and $2,201/yr in principal reduction project a total cumulative return of $108,241.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 8.6% | 5.8% |
| Monthly Cash Flow | $276 | $850 |
City averages based on South Bend market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,711 |
| Total Monthly Debt Service | $1,340 |
| DSCR Ratio | 1.28x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, 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.
Single Family
Built in 1960
0.36 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46635, South Bend, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,857 (100%) |
| Owner Occupied HU | 1,964 (68.7%) |
| Renter Occupied HU | 638 (22.3%) |
| Vacant Housing Units | 255 ( 8.9%) |
| Median Home Value | $205,948 |
| Average Home Value | $223,093 |
Housing Distribution
Address Breakdown
Residential
2,619
Single Family
2,530
Multi-Family
89
Businesses
188
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
Single Family
Built in 1960
0.36 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46635, South Bend, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,857 (100%) |
| Owner Occupied HU | 1,964 (68.7%) |
| Renter Occupied HU | 638 (22.3%) |
| Vacant Housing Units | 255 ( 8.9%) |
| Median Home Value | $205,948 |
| Average Home Value | $223,093 |
Housing Distribution
Address Breakdown
Residential
2,619
Single Family
2,530
Multi-Family
89
Businesses
188
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Sandie Nelson • Coldwell Banker Real Estate Group
Mls Name: IRMLS
Mls ID: #202543475