3715 Surrey LnSouth 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
Investment property for sale in South Bend at 3715 Surrey Ln, South Bend, IN, 46628 uses $61,328 cash to close to unlock $5,100/yr annual cash flow and $425/mo monthly cash flow. Total monthly income runs $1,535/mo, and a $905/mo payment keeps the spread at $425/mo. Purchase price stands at $185,000, and rental yield measures 9.96% with $1,535/mo rent. Return on cash invested shows 28.22% in year one, and 5% annual appreciation builds toward $51,112 over five years. Five-year ROI reaches 147.17% and total cumulative return in cash records $90,255. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,535/mo property income covering a $905/mo payment rather than investor’s personal income.
Single Family
Built in 1957
0.25 Acres lot
$N/A/sqft
No HOA
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Listed by: Kirsten Sharpe • Sharpe Realty, LLC
Mls Name: IRMLS
Mls Provider:
Mls ID: #202530024
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.