2429 Fredrickson St, South Bend, IN, 46628 | $498/mo Cash Flow

For Sale

Listed for sale 3 days ago

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Investment property for sale in South Bend at 2429 Fredrickson St, South Bend, IN, 46628 uses $49,692 cash to close to unlock $5,974/yr annual cash flow and $498/mo monthly cash flow. Total monthly income runs $1,398/mo, and a $734/mo payment keeps the spread at $498/mo. Purchase price stands at $149,900, and rental yield measures 11.19% with $1,398/mo rent. Return on cash invested shows 31.93% in year one, and 5% annual appreciation builds toward $41,415 over five years. Five-year ROI reaches 167.08% and total cumulative return in cash records $83,027. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,398/mo property income covering a $734/mo payment rather than investor’s personal income.

Single Family

Built in 1926

4,791 sqft lot

$N/A/sqft

No HOA