20305 Topaz St, South Bend, IN, 46614 | $175/mo Cash Flow

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

Home Type: Single Family

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20305 Topaz St, South Bend, IN, 46614 | $175/mo Cash Flow | Ziffy

For Sale

Listed for sale 1 day ago

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 20305 Topaz St, South Bend, IN, 46614 generates $1,735/mo in rent and, after a $1,272/mo payment, leaves $175/mo in cash flow. Total monthly income is $1,735/mo, and annual cash flow is $2,099/yr on $86,157 invested. Return on cash invested sits at 22.35% in year one, and rental yield is 8.01% on a $259,900 entry. Equity gained on principal adds $1,677/yr, while 5% annual appreciation builds toward $71,806 over five years. Five-year ROI reaches 115.67% and total cumulative return in cash sums $99,658. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,735/mo property income rather than buyer’s personal income.

Single Family

Built in 1972

0.33 Acres lot

$N/A/sqft

No HOA

More details about the property

Welcome to 20305 Topaz Streeta well-maintained 3 bedroom, 1.5 bath home offering comfort, function, and peace of mind with major updates already complete. The updated kitchen features concrete and butcher block countertops, creating a modern yet warm space that flows easily into the dining area filled with abundant natural light. The spacious family room is anchored by a cozy fireplace insert, perfect for relaxing evenings at home. Youll appreciate the newer flooring throughout most of the home, adding a fresh, cohesive feel. Situated on a large corner lot with a fully fenced yard, this home offers extra space, privacy, and versatilityideal for entertaining, pets, or play. Big-ticket items have been taken care of with a roof just 1 year old, HVAC (furnace and AC) approximately 2 years old, and water heater 3 years oldmove in with confidence. The garage offers custom built-in shelving and storage, keeping everything organized and accessible, and the concrete driveway adds durability and curb appeal. Conveniently located with easy access to Highways 31 and 20 and close to shopping, dining, and everyday amenities, this home checks all the boxes for location, updates, and livability.

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