1948 Creekbank LnSouth BendIN46635
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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 1948 Creekbank Ln, South Bend, IN, 46635 uses $102,765 cash to close to unlock $11,756/yr annual cash flow and $980/mo monthly cash flow. Total monthly income runs $3,061/mo, and a $1,517/mo payment keeps the spread at $980/mo. Purchase price stands at $310,000, and rental yield measures 11.85% with $3,061/mo rent. Return on cash invested shows 31.35% in year one, and 5% annual appreciation builds toward $85,647 over five years. Five-year ROI reaches 164.89% and total cumulative return in cash records $169,447. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,061/mo property income covering a $1,517/mo payment rather than investor’s personal income.
Condo
Built in 1990
6,098 sqft lot
$N/A/sqft
$160 monthly 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
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Listed by: Beau Dunfee • Weichert Rltrs-J.Dunfee&Assoc.
Mls Name: IRMLS
Mls Provider:
Mls ID: #202507661
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.