3221 Field Gate DrSouth BendIN46628
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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 3221 Field Gate Dr, South Bend, IN, 46628 priced at $262,500 pairs $1,581/mo rent with $3/mo cash flow after a $1,285/mo payment. Total monthly income equals $1,581/mo, and annual cash flow comes to $41/yr on $87,019 invested. Return on cash invested is 19.96% in year one, and rental yield stands at 7.23% on a $262,500 basis. Equity gained on principal adds $1,694/yr, and 5% annual appreciation accumulates to $72,524 by year five. Five-year ROI measures 102.89% and total cumulative return in cash reaches $89,530. For financing, Ziffy Mortgage’s DSCR program evaluates $1,581/mo property income against a $1,285/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 2000
6,969 sqft lot
$N/A/sqft
$20 annually HOA
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Listed by: Quinn T Thurin • Cressy & Everett - South Bend
Mls Name: IRMLS
Mls Provider:
Mls ID: #202514978
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.