2818 S Michigan StSouth BendIN46614
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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 2818 S Michigan St, South Bend, IN, 46614 with 5% annual appreciation on a $156,400 basis while $1,531/mo rent supports operations. Total monthly income totals $1,531/mo and a $766/mo payment preserves $592/mo for cash returns. Annual cash flow comes to $7,100/yr on $51,847 deployed, and return on cash invested reaches 33.6% in year one. Equity gained on principal adds $1,009/yr, and five-year appreciation sums $43,210 alongside rental yield of 11.75%. Five-year ROI measures 176.06% and total cumulative return in cash totals $91,283.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,531/mo property income versus a $766/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1922
5,227 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
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Listed by: N/A • N/A
Mls Name: Zillow Rentals
Mls ID: #N/A