241 Sylvan Glen DrSouth BendIN46615
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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 241 Sylvan Glen Dr, South Bend, IN, 46615 priced at $249,900 pairs $1,912/mo rent with $412/mo cash flow after a $1,223/mo payment. Total monthly income equals $1,912/mo, and annual cash flow comes to $4,944/yr on $82,842 invested. Return on cash invested is 25.88% in year one, and rental yield stands at 9.18% on a $249,900 basis. Equity gained on principal adds $1,613/yr, and 5% annual appreciation accumulates to $69,043 by year five. Five-year ROI measures 134.66% and total cumulative return in cash reaches $111,554. For financing, Ziffy Mortgage’s DSCR program evaluates $1,912/mo property income against a $1,223/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1956
0.25 Acres lot
$N/A/sqft
No HOA
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Listed by: Aaron C Cowham • Howard Hanna SB Real Estate
Mls Name: IRMLS
Mls Provider:
Mls ID: #202523957
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.