19556 Paxson Dr NSouth 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 19556 Paxson Dr N, South Bend, IN, 46637 offers a 9.45% rental yield on a $115,000 purchase with $906/mo rent. Total monthly income registers $906/mo, and a $563/mo payment leaves $216/mo available for distribution. Annual cash flow reaches $2,586/yr on $38,123 to close, and return on cash invested stands at 26.69% in year one. Equity gained on principal adds $742/yr while 5% annual appreciation supports $31,772 over five years. Portfolio math shows five-year ROI at 139.06% and total cumulative return in cash at $53,013. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $906/mo property income against a $563/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1929
0.72 Acres 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: Jenn Montiel • HomeFront Realty, LLC
Mls Name: IRMLS
Mls ID: #202601923