18193 Windmill CtSouth 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
Rental property for sale in South Bend at 18193 Windmill Ct, South Bend, IN, 46637 generates $1,705/mo in rent and, after a $979/mo payment, leaves $504/mo in cash flow. Total monthly income is $1,705/mo, and annual cash flow is $6,052/yr on $66,300 invested. Return on cash invested sits at 29.04% in year one, and rental yield is 10.23% on a $200,000 entry. Equity gained on principal adds $1,291/yr, while 5% annual appreciation builds toward $55,256 over five years. Five-year ROI reaches 151.6% and total cumulative return in cash sums $100,508. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,705/mo property income rather than buyer’s personal income.
Condo
Built in 1983
1,306 sqft 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: Jill Brenay • RE/MAX 100
Mls Name: IRMLS
Mls ID: #202600527