22034 Silver Springs DrSouth BendIN46628
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 22034 Silver Springs Dr, South Bend, IN, 46628 uses $92,489 cash to close to unlock $4,725/yr annual cash flow and $394/mo monthly cash flow. Total monthly income runs $2,069/mo, and a $1,366/mo payment keeps the spread at $394/mo. Purchase price stands at $279,000, and rental yield measures 8.9% with $2,069/mo rent. Return on cash invested shows 25.02% in year one, and 5% annual appreciation builds toward $77,083 over five years. Five-year ROI reaches 129.99% and total cumulative return in cash records $120,223. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,069/mo property income covering a $1,366/mo payment rather than investor’s personal income.
Single Family
Built in 1975
0.45 Acres lot
$N/A/sqft
No HOA
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Adam Pendl • eXp Realty, LLC
Mls Name: IRMLS
Mls Provider:
Mls ID: #202516630
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.