2117 Franklin StSouth BendIN46613
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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 2117 Franklin St, South Bend, IN, 46613 with 5% annual appreciation on a $145,000 basis while $1,224/mo rent supports operations. Total monthly income totals $1,224/mo and a $710/mo payment preserves $353/mo for cash returns. Annual cash flow comes to $4,239/yr on $48,068 deployed, and return on cash invested reaches 28.73% in year one. Equity gained on principal adds $936/yr, and five-year appreciation sums $40,061 alongside rental yield of 10.13%. Five-year ROI measures 149.98% and total cumulative return in cash totals $72,092.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,224/mo property income versus a $710/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1900
4,791 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46613, South Bend, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,533 (100%) |
| Owner Occupied HU | 1,996 (44.0%) |
| Renter Occupied HU | 1,893 (41.8%) |
| Vacant Housing Units | 644 (14.2%) |
| Median Home Value | $79,667 |
| Average Home Value | $120,797 |
Housing Distribution
Address Breakdown
Residential
4,165
Single Family
4,021
Multi-Family
144
Businesses
257
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Listed by: Julie K Lauck • Weichert Rltrs-J.Dunfee&Assoc.
Mls Name: IRMLS
Mls Provider:
Mls ID: #202420737
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.