2143 N Elmer StSouth BendIN46628
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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 2143 N Elmer St, South Bend, IN, 46628 offers $1,774/mo rent that, after a $1,003/mo payment, leaves $355/mo cash flow. Total monthly income is $1,774/mo, and annual cash flow is $4,258/yr on $67,958 cash. Return on cash invested measures 26.17% in year one, and rental yield stands at 10.38% at a $205,000 entry. Equity gained on principal adds $1,323/yr while 5% annual appreciation compounds into $56,638 by year five. Five-year ROI records 137.41% and total cumulative return in cash reaches $93,378. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,774/mo property income versus a $1,003/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1979
0.40 Acres lot
$N/A/sqft
No HOA
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Listed by: Linda S Smith • Cressy & Everett- Elkhart
Mls Name: IRMLS
Mls Provider:
Mls ID: #202518071
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.