2306 Elwood AveSouth 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
Investment property for sale in South Bend at 2306 Elwood Ave, South Bend, IN, 46628 uses $43,095 cash to close to unlock $12,778/yr annual cash flow and $1,065/mo monthly cash flow. Total monthly income runs $1,872/mo, and a $636/mo payment keeps the spread at $1,065/mo. Purchase price stands at $130,000, and rental yield measures 17.28% with $1,872/mo rent. Return on cash invested shows 49.56% in year one, and 5% annual appreciation builds toward $35,917 over five years. Five-year ROI reaches 261.89% and total cumulative return in cash records $112,863. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,872/mo property income covering a $636/mo payment rather than investor’s personal income.
Single Family
Built in 1961
0.54 Acres lot
$N/A/sqft
No HOA
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Listed by: De'Aunna Mack • F.C. Tucker Company
Mls Name: IRMLS
Mls Provider:
Mls ID: #202520585
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.