2217 Pleasant StSouth 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 2217 Pleasant St, South Bend, IN, 46615 with 5% annual appreciation on a $142,000 basis while $1,420/mo rent supports operations. Total monthly income totals $1,420/mo and a $695/mo payment preserves $568/mo for cash returns. Annual cash flow comes to $6,811/yr on $47,073 deployed, and return on cash invested reaches 34.38% in year one. Equity gained on principal adds $916/yr, and five-year appreciation sums $39,232 alongside rental yield of 12%. Five-year ROI measures 180.21% and total cumulative return in cash totals $84,830.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,420/mo property income versus a $695/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1923
3,484 sqft lot
$N/A/sqft
No HOA
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Nearby investment properties with comparable prices
Listed by: Dannielle R Setterberg • McKinnies Realty, LLC Elkhart
Mls Name: IRMLS
Mls Provider:
Mls ID: #202444749
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