3102 Salem DrSouth BendIN46615
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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 3102 Salem Dr, South Bend, IN, 46615 priced at $197,000 pairs $1,636/mo rent with $320/mo cash flow after a $964/mo payment. Total monthly income equals $1,636/mo, and annual cash flow comes to $3,840/yr on $65,306 invested. Return on cash invested is 25.79% in year one, and rental yield stands at 9.97% on a $197,000 basis. Equity gained on principal adds $1,271/yr, and 5% annual appreciation accumulates to $54,427 by year five. Five-year ROI measures 135.1% and total cumulative return in cash reaches $88,226. For financing, Ziffy Mortgage’s DSCR program evaluates $1,636/mo property income against a $964/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1952
8,712 sqft lot
$N/A/sqft
No HOA
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Listed by: Lisa Leblanc • Cressy & Everett - South Bend
Mls Name: IRMLS
Mls Provider:
Mls ID: #202514538
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.