2402 Erskine BlvdSouth BendIN46614
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
Investment Highlights
Investment property for sale in South Bend at 2402 Erskine Blvd, South Bend, IN, 46614 with 5% annual appreciation on a $174,900 basis while $1,285/mo rent supports operations. Total monthly income totals $1,285/mo and a $856/mo payment preserves $177/mo for cash returns. Annual cash flow comes to $2,127/yr on $57,979 deployed, and return on cash invested reaches 23.58% in year one. Equity gained on principal adds $1,129/yr, and five-year appreciation sums $48,322 alongside rental yield of 8.82%. Five-year ROI measures 122.79% and total cumulative return in cash totals $71,196.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,285/mo property income versus a $856/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1924
6,098 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46614, South Bend, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,675 (100%) |
| Owner Occupied HU | 9,722 (71.1%) |
| Renter Occupied HU | 3,210 (23.5%) |
| Vacant Housing Units | 743 ( 5.4%) |
| Median Home Value | $219,724 |
| Average Home Value | $250,540 |
Housing Distribution
Address Breakdown
Residential
13,174
Single Family
11,556
Multi-Family
1,618
Businesses
438
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Phyllis DeVorkin • Berkshire Hathaway HomeServices Northern Indiana Real Estate
Mls Name: IRMLS
Mls Provider:
Mls ID: #202435262
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.