23050 Allerton DrSouth BendIN46628
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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
Rental property for sale in South Bend at 23050 Allerton Dr, South Bend, IN, 46628 generates $2,498/mo in rent and, after a $1,835/mo payment, leaves $231/mo in cash flow. Total monthly income is $2,498/mo, and annual cash flow is $2,770/yr on $124,313 invested. Return on cash invested sits at 22.14% in year one, and rental yield is 7.99% on a $375,000 entry. Equity gained on principal adds $2,420/yr, while 5% annual appreciation builds toward $103,606 over five years. Five-year ROI reaches 114.6% and total cumulative return in cash sums $142,467. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,498/mo property income rather than buyer’s personal income.
Single Family
Built in 2009
0.42 Acres lot
$N/A/sqft
No HOA
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Listed by: Peter F Thurin • Cressy & Everett - South Bend
Mls Name: IRMLS
Mls Provider:
Mls ID: #202517546
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.