22935 Adams Rd, South Bend, IN, 46628 | 9.19% Rental Yield

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

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22935 Adams Rd, South Bend, IN, 46628 | 9.19% Rental Yield | Ziffy

For Sale

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Rental property for sale in South Bend at 22935 Adams Rd, South Bend, IN, 46628 generates $766/mo in rent, after a $489/mo payment. Total monthly income is $766/mo. Return on cash invested sits at 8.76% in year one, and rental yield is 9.19% on a $100,000 entry. Equity gained on principal adds $645/yr, while 5% annual appreciation builds toward $27,628 over five years. Five-year ROI reaches 49.03% and total cumulative return in cash sums $16,252. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $766/mo property income rather than buyer’s personal income.

Single Family

Built in N/A

14.78 Acres lot

$N/A/sqft

No HOA

More details about the property

*THIS PROPERTY IS UP FOR AUCTION ON THURSDAY, JUNE 12TH AT 6:00 PM ON SITE. THIS IS ONE PARCEL OF FIVE THAT ARE SELLING AT THIS AUCTION WITH ADJOINING PROPERTIES ALSO FOR SALE. LISTED PRICE IS A SUGGESTED STARTING BID ONLY. 5,388 Sq. Ft. House with a 43 x 88 Pole Barn, 60 x 120 Building with horse stalls, office, tack room, storage area, attached heated room, 60 x 120 Horse Riding Arena, and Vinyl Fence Paddocks. The house includes the following: 17 x 40 Great room with fireplace, balcony area that L shapes into the 16x15 kitchen, 16x24 Back room with half bath, hot tub, bar area, large built-in safe, double door patio walking out to rear deck, 9x10 Laundry room with washer and dryer, 21x27 Master suite is with fireplace, large walk-in bathroom with shower and jacuzzi tub and large walk-in closet. There is also a 13x13 3-Seasons room with attached deck, 10x5 Cedar-lined closet with built in shelves, 12x14 Dining room that walks through into 12x18 family room with oak columns, 12x27 Fully finished front room, 10x12 Bedroom, Full bath on main level, 15x40 Landing room overlooking great room, Large upstairs hallway with storage closet, 11x15 bedroom with closet, Full bath on second floor, and an 18x18 bedroom with closet. There are 2 furnaces, 2 AC units, and gas hot water heaters.