2533 Riverside DrSouth BendIN46616
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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 2533 Riverside Dr, South Bend, IN, 46616 uses $61,029 cash to close to unlock $4,739/yr annual cash flow and $395/mo monthly cash flow. Total monthly income runs $1,500/mo, and a $901/mo payment keeps the spread at $395/mo. Purchase price stands at $184,100, and rental yield measures 9.78% with $1,500/mo rent. Return on cash invested shows 27.67% in year one, and 5% annual appreciation builds toward $50,863 over five years. Five-year ROI reaches 144.22% and total cumulative return in cash records $88,016. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,500/mo property income covering a $901/mo payment rather than investor’s personal income.
Single Family
Built in 1951
6,969 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46616, South Bend, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,887 (100%) |
| Owner Occupied HU | 1,445 (50.1%) |
| Renter Occupied HU | 1,103 (38.2%) |
| Vacant Housing Units | 339 (11.7%) |
| Median Home Value | $164,220 |
| Average Home Value | $197,168 |
Housing Distribution
Address Breakdown
Residential
2,531
Single Family
2,351
Multi-Family
180
Businesses
63
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Listed by: Tricia A Greaney • Summit Group Real Estate
Mls Name: IRMLS
Mls Provider:
Mls ID: #202501132
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.