2229 Parkview PlSouth BendIN46616
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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 2229 Parkview Pl, South Bend, IN, 46616 with 5% annual appreciation on a $149,900 basis while $1,177/mo rent supports operations. Total monthly income totals $1,177/mo and a $734/mo payment preserves $277/mo for cash returns. Annual cash flow comes to $3,322/yr on $49,692 deployed, and return on cash invested reaches 26.59% in year one. Equity gained on principal adds $967/yr, and five-year appreciation sums $41,415 alongside rental yield of 9.42%. Five-year ROI measures 138.47% and total cumulative return in cash totals $68,807.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,177/mo property income versus a $734/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1950
4,791 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46616, South Bend, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,887 (100%) |
| Owner Occupied HU | 1,445 (50.1%) |
| Renter Occupied HU | 1,103 (38.2%) |
| Vacant Housing Units | 339 (11.7%) |
| Median Home Value | $164,220 |
| Average Home Value | $197,168 |
Housing Distribution
Address Breakdown
Residential
2,531
Single Family
2,351
Multi-Family
180
Businesses
63
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Listed by: Debbie S Speth • At Home Realty Group
Mls Name: IRMLS
Mls Provider:
Mls ID: #202507936
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.