3609 Miami 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 3609 Miami St, South Bend, IN, 46614 uses $57,250 cash to close to unlock $7,411/yr annual cash flow and $618/mo monthly cash flow. Total monthly income runs $1,654/mo, and a $845/mo payment keeps the spread at $618/mo. Purchase price stands at $172,700, and rental yield measures 11.49% with $1,654/mo rent. Return on cash invested shows 32.85% in year one, and 5% annual appreciation builds toward $47,714 over five years. Five-year ROI reaches 172.05% and total cumulative return in cash records $98,501. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,654/mo property income covering a $845/mo payment rather than investor’s personal income.
Single Family
Built in 1951
7,200 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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