19617 Cleveland RdSouth BendIN46637
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash Flow19617 Cleveland Rd, South Bend, IN, 46637 in South Bend earns its strong cash-flow label: 10.5% yield, $5,688/mo rent, $1,787/mo net income, DSCR 1.95. The $649,900 acquisition cost produces immediate returns that put this property in the top tier for U.S. income assets accessible via Ziffy Mortgage's rental-income underwriting. Long-term, 5% annual appreciation adds $179,555 by year five. Combined with $5,986/yr in principal paydown, total projected return reaches $360,902.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 10.5% | 5.8% |
| Monthly Cash Flow | $1,787 | $850 |
City averages based on South Bend market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $5,688 |
| Total Monthly Debt Service | $3,643 |
| DSCR Ratio | 1.56x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 1947
1 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Single Family
Built in 1947
1 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Blake Hitchcock • Irish Realty
Mls Name: IRMLS
Mls ID: #202604060