21590 Ravenna DrSouth 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 21590 Ravenna Dr, South Bend, IN, 46628 generates $4,343/mo in rent and, after a $3,181/mo payment, leaves $442/mo in cash flow. Total monthly income is $4,343/mo, and annual cash flow is $5,299/yr on $213,850 invested. Return on cash invested sits at 22.54% in year one, and rental yield is 8.02% on a $650,000 entry. Equity gained on principal adds $4,194/yr, while 5% annual appreciation builds toward $179,583 over five years. Five-year ROI reaches 116.66% and total cumulative return in cash sums $249,482. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $4,343/mo property income rather than buyer’s personal income.
Single Family
Built in 1995
3.04 Acres lot
$N/A/sqft
No HOA
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Listed by: Douglas Birkey • Cressy & Everett - South Bend
Mls Name: IRMLS
Mls Provider:
Mls ID: #202511068
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.