214 N Tuxedo DrSouth BendIN46615
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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
Rental property for sale in South Bend at 214 N Tuxedo Dr, South Bend, IN, 46615 priced at $250,000 converts $2,097/mo rent into $437/mo cash flow after a $1,224/mo obligation. Total monthly income equals $2,097/mo, and annual cash flow totals $5,243/yr on $82,875 invested. Return on cash invested prints 26.24% in year one, and rental yield reads 10.07% against a $250,000 entry. Equity gained on principal adds $1,613/yr, while 5% annual appreciation compiles into $69,070 by year five. Five-year ROI reaches 137.34% and total cumulative return in cash sums $113,818. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,097/mo property income covering a $1,224/mo payment, not borrower’s personal income.
Single Family
Built in 1955
6,534 sqft lot
$N/A/sqft
No HOA
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Listed by: Matt R Curry • Cressy & Everett - South Bend
Mls Name: IRMLS
Mls Provider:
Mls ID: #202512986
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