24387 Burr Oak DrSouth BendIN46628
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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 24387 Burr Oak Dr, South Bend, IN, 46628 uses $88,179 cash to close to unlock $15,758/yr annual cash flow and $1,313/mo monthly cash flow. Total monthly income runs $2,910/mo, and a $1,302/mo payment keeps the spread at $1,313/mo. Purchase price stands at $266,000, and rental yield measures 13.13% with $2,910/mo rent. Return on cash invested shows 37.78% in year one, and 5% annual appreciation builds toward $73,491 over five years. Five-year ROI reaches 198.46% and total cumulative return in cash records $175,001. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,910/mo property income covering a $1,302/mo payment rather than investor’s personal income.
Single Family
Built in 1993
0.38 Acres lot
$N/A/sqft
No HOA
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Listed by: Gabriella U Garcia • Hallmark Real Estate, Inc.
Mls Name: IRMLS
Mls Provider:
Mls ID: #202525944
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