3801 Sandpiper Cove RunSouth 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 3801 Sandpiper Cove Run, South Bend, IN, 46628 offers $2,780/mo rent that, after a $1,077/mo payment, leaves $1,189/mo cash flow. Total monthly income is $2,780/mo, and annual cash flow is $14,263/yr on $72,930 cash. Return on cash invested measures 39.47% in year one, and rental yield stands at 15.16% at a $220,000 entry. Equity gained on principal adds $1,420/yr while 5% annual appreciation compounds into $60,782 by year five. Five-year ROI records 209.1% and total cumulative return in cash reaches $152,495. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,780/mo property income versus a $1,077/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Condo
Built in 2002
11.48 Acres lot
$N/A/sqft
$255 monthly HOA
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Listed by: Beverly Fisher • Weichert Rltrs-J.Dunfee&Assoc.
Mls Name: IRMLS
Mls Provider:
Mls ID: #202431399
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