23784 State Road 2South BendIN46619
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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 23784 State Road 2, South Bend, IN, 46619 uses $66,300 cash to close to unlock $17,764/yr annual cash flow and $1,480/mo monthly cash flow. Total monthly income runs $2,681/mo, and a $979/mo payment keeps the spread at $1,480/mo. Purchase price stands at $200,000, and rental yield measures 16.09% with $2,681/mo rent. Return on cash invested shows 46.7% in year one, and 5% annual appreciation builds toward $55,256 over five years. Five-year ROI reaches 246.33% and total cumulative return in cash records $163,316. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,681/mo property income covering a $979/mo payment rather than investor’s personal income.
Single Family
Built in 1872
0.73 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46619, South Bend, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,203 (100%) |
| Owner Occupied HU | 5,324 (64.9%) |
| Renter Occupied HU | 2,198 (26.8%) |
| Vacant Housing Units | 681 ( 8.3%) |
| Median Home Value | $137,308 |
| Average Home Value | $175,526 |
Housing Distribution
Address Breakdown
Residential
7,796
Single Family
7,461
Multi-Family
335
Businesses
526
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Listed by: Todd B Bailey • Ever Real Estate
Mls Name: IRMLS
Mls Provider:
Mls ID: #202522723
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.