2306 Elwood AveSouth BendIN46628
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash Flow2306 Elwood Ave, South Bend, IN, 46628 in South Bend is a top-tier cash-flow asset. At $130,000 it produces $1,872/mo in rent and $1,065/mo in net monthly income, a 17.28% gross rental yield. The DSCR of 3.20 qualifies for Ziffy Mortgage's DSCR loan without W-2s or U.S. credit history. Annual cash flow: $12,774. Five-year appreciation adds $35,917, driving a total cumulative return of $117,797.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 17.3% | 5.8% |
| Monthly Cash Flow | $1,065 | $850 |
City averages based on South Bend market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,872 |
| Total Monthly Debt Service | $756 |
| DSCR Ratio | 2.48x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 1961
0.54 Acres lot
$N/A/sqft
No HOA
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Single Family
Built in 1961
0.54 Acres lot
$N/A/sqft
No HOA
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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.