1834 Saint Michaels Ct, South Bend, IN, 46614 | $677/mo Cash Flow

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

Home Type: Single Family

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1834 Saint Michaels Ct, South Bend, IN, 46614 | $677/mo Cash Flow | Ziffy

For Sale

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Rental property for sale in South Bend at 1834 Saint Michaels Ct, South Bend, IN, 46614 generates $1,907/mo in rent and, after a $1,003/mo payment, leaves $677/mo in cash flow. Total monthly income is $1,907/mo, and annual cash flow is $8,121/yr on $67,958 invested. Return on cash invested sits at 31.86% in year one, and rental yield is 11.16% on a $205,000 entry. Equity gained on principal adds $1,323/yr, while 5% annual appreciation builds toward $56,638 over five years. Five-year ROI reaches 166.68% and total cumulative return in cash sums $113,274. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,907/mo property income rather than buyer’s personal income.

Condo

Built in 1984

8,276 sqft lot

$N/A/sqft

No HOA

More details about the property

Beautifully maintained 2 bedroom/2 bath Condo available on the South Side, featuring an eat in kitchen with plenty of cabinets for storage, newer garbage disposal and appliances included. A nice open living room area with space for a dining room table and the entrance to a relaxing 3 season room at the back of the home. Main floor laundry room and Master bedroom has its own full bathroom and walk in closet. Attached one car garage. Roof 3 years old, new furnace/AC 2021.

Neighborhood Data

Neighborhood data shown for ZIP Code: 46614, South Bend, IN area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	13,675 (100%)
Owner Occupied HU	9,722 (71.1%)
Renter Occupied HU	3,210 (23.5%)
Vacant Housing Units	743 ( 5.4%)
Median Home Value	$219,724
Average Home Value	$250,540