219 E Farneman StSouth 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
Rental property for sale in South Bend at 219 E Farneman St, South Bend, IN, 46614 priced at $193,000 converts $1,926/mo rent into $767/mo cash flow after a $945/mo obligation. Total monthly income equals $1,926/mo, and annual cash flow totals $9,205/yr on $63,980 invested. Return on cash invested prints 34.3% in year one, and rental yield reads 11.98% against a $193,000 entry. Equity gained on principal adds $1,245/yr, while 5% annual appreciation compiles into $53,322 by year five. Five-year ROI reaches 179.8% and total cumulative return in cash sums $115,038. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,926/mo property income covering a $945/mo payment, not borrower’s personal income.
Single Family
Built in 1947
5,662 sqft 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: Lindsay F Maslowski • Cressy & Everett - South Bend
Mls Name: IRMLS
Mls ID: #202538138