18200 Stoneridge St APT BSouth 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 18200 Stoneridge St APT B, South Bend, IN, 46637 uses $49,692 cash to close to unlock $884/yr annual cash flow and $74/mo monthly cash flow. Total monthly income runs $1,187/mo, and a $734/mo payment keeps the spread at $74/mo. Purchase price stands at $149,900, and rental yield measures 9.5% with $1,187/mo rent. Return on cash invested shows 21.69% in year one, and 5% annual appreciation builds toward $41,415 over five years. Five-year ROI reaches 114.05% and total cumulative return in cash records $56,675. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,187/mo property income covering a $734/mo payment rather than investor’s personal income.
Condo
Built in 1972
N/A lot
$N/A/sqft
$150 monthly 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: Stephen C Smith • Irish Realty
Mls Name: IRMLS
Mls Provider:
Mls ID: #202437469
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.