20623 Madison RdSouth BendIN46614
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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 20623 Madison Rd, South Bend, IN, 46614 earns $1,202/mo cash flow from $2,562/mo rent with a $1,109/mo payment. Total monthly income totals $2,562/mo, and annual cash flow totals $14,424/yr on $75,084 capital. ROI tracks 39.12% on current figures, and rental yield reads 13.57% at a $226,497 purchase. Equity gained on principal adds $1,462/yr, and 5% annual appreciation supports $62,577 over five years. Five-year ROI reaches 205.61% and total cumulative return in cash sums $154,379. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,562/mo property income instead of your personal income.
Manufactured
Built in 2003
0.52 Acres lot
$N/A/sqft
No HOA
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 |
Housing Distribution
Address Breakdown
Residential
13,174
Single Family
11,556
Multi-Family
1,618
Businesses
438
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Listed by: Jeffery Hartzke • eXp Realty, LLC
Mls Name: IRMLS
Mls Provider:
Mls ID: #202518562
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.