3 Bedroom Type III Plan, Varsity ViewSouth BendIN46617
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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 3 Bedroom Type III Plan, Varsity View, South Bend, IN, 46617 offers $3,294/mo rent that, after a $3,811/mo payment. Total monthly income is $3,294/mo. Return on cash invested measures 11.75% in year one, and rental yield stands at 5.08% at a $778,600 entry. Equity gained on principal adds $5,024/yr while 5% annual appreciation compounds into $215,113 by year five. Five-year ROI records 59.47% and total cumulative return in cash reaches $152,337. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $3,294/mo property income versus a $3,811/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Condo
Built in 2025
N/A lot
$N/A/sqft
$395 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46617, South Bend, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,952 (100%) |
| Owner Occupied HU | 2,445 (41.1%) |
| Renter Occupied HU | 2,305 (38.7%) |
| Vacant Housing Units | 1,202 (20.2%) |
| Median Home Value | $267,663 |
| Average Home Value | $323,517 |
Housing Distribution
Address Breakdown
Residential
4,804
Single Family
3,675
Multi-Family
1,129
Businesses
341
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Listed by: N/A • Irish Realty
Mls Name: Irish Realty
Mls ID: #N/A