2326 Ribourde 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 2326 Ribourde Dr, South Bend, IN, 46628 offers $2,304/mo rent that, after a $1,285/mo payment, leaves $702/mo cash flow. Total monthly income is $2,304/mo, and annual cash flow is $8,419/yr on $87,019 cash. Return on cash invested measures 29.58% in year one, and rental yield stands at 10.53% at a $262,500 entry. Equity gained on principal adds $1,694/yr while 5% annual appreciation compounds into $72,524 by year five. Five-year ROI records 154.63% and total cumulative return in cash reaches $134,554. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,304/mo property income versus a $1,285/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1963
10,018 sqft lot
$N/A/sqft
No HOA
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Listed by: Jennifer Lillie • Cressy & Everett - South Bend
Mls Name: IRMLS
Mls Provider:
Mls ID: #202514208
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