4015 Winthrop DrSouth BendIN46614
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeNot flashy, but dependably profitable, 4015 Winthrop Dr, South Bend, IN, 46614 in South Bend is listed at $193,900 and delivers $1,584/mo in rent and $420/mo in net monthly cash flow. The 9.8% yield and 1.82 DSCR provide the underwriting comfort Ziffy Mortgage needs to approve a DSCR loan without W-2 or tax-return documentation. Projected 5% annual appreciation adds $53,571 over five years, and $1,786/yr in principal reduction supplements cash return. Total projected cumulative return: $100,440.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 9.8% | 5.8% |
| Monthly Cash Flow | $420 | $850 |
City averages based on South Bend market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,584 |
| Total Monthly Debt Service | $1,087 |
| DSCR Ratio | 1.46x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 1958
8,712 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Single Family
Built in 1958
8,712 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Diane Bennett • Inspired Homes Indiana
Mls Name: IRMLS
Mls Provider:
Mls ID: #202514304
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.