23370 Lawrence St,South Bend,IN,46628

Investment Highlights

Rental property for sale in South Bend at 23370 Lawrence St, South Bend, IN, 46628 generates $1,548/mo in rent and, after a $688/mo payment, leaves $608/mo in cash flow. Total monthly income is $1,548/mo, and annual cash flow is $7,291/yr on $46,576 invested. Return on cash invested sits at 35.56% in year one, and rental yield is 13.22% on a $140,500 entry. Equity gained on principal adds $907/yr, while 5% annual appreciation builds toward $38,818 over five years. Five-year ROI reaches 187.46% and total cumulative return in cash sums $87,311. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,548/mo property income rather than buyer’s personal income.