220 Eunice 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
Investment property for sale in South Bend at 220 Eunice Dr, South Bend, IN, 46615 listed at $199,900 pairs $1,810/mo rent with a $978/mo payment to leave $610/mo cash flow. Total monthly income runs $1,810/mo, and annual cash flow reaches $7,325/yr on $66,267 cash to close. Return on cash invested measures 30.96% in year one, and rental yield registers 10.87% at a $199,900 basis. Equity gained on principal adds $1,290/yr, and annual property appreciation at 5% supports $55,229 by year five. Five-year ROI tracks 161.91% and total cumulative return in cash totals $107,293. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,810/mo property income relative to a $978/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1955
5,919 sqft lot
$N/A/sqft
No HOA
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Listed by: Julie K Vest • Cressy & Everett - South Bend
Mls Name: IRMLS
Mls Provider:
Mls ID: #202437341
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.