314 N Taylor StSouth BendIN46601
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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 314 N Taylor St, South Bend, IN, 46601 generates $2,026/mo in rent and, after a $974/mo payment, leaves $831/mo in cash flow. Total monthly income is $2,026/mo, and annual cash flow is $9,977/yr on $65,969 invested. Return on cash invested sits at 35.03% in year one, and rental yield is 12.22% on a $199,000 entry. Equity gained on principal adds $1,284/yr, while 5% annual appreciation builds toward $54,980 over five years. Five-year ROI reaches 183.73% and total cumulative return in cash sums $121,206. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,026/mo property income rather than buyer’s personal income.
Multi Family
Built in 1912
3,049 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46601, South Bend, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,926 (100%) |
| Owner Occupied HU | 518 (17.7%) |
| Renter Occupied HU | 1,844 (63.0%) |
| Vacant Housing Units | 564 (19.3%) |
| Median Home Value | $156,964 |
| Average Home Value | $180,471 |
Housing Distribution
Address Breakdown
Residential
2,428
Single Family
1,533
Multi-Family
895
Businesses
597
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Listed by: Greg Owen • EASY REALTY
Mls Name: My State MLS
Mls ID: #11633989