4039 Coral DrSouth BendIN46614
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
Investment Highlights
Investment property for sale in South Bend at 4039 Coral Dr, South Bend, IN, 46614 uses $59,637 cash to close to unlock $7,891/yr annual cash flow and $658/mo monthly cash flow. Total monthly income runs $1,738/mo, and a $881/mo payment keeps the spread at $658/mo. Purchase price stands at $179,900, and rental yield measures 11.59% with $1,738/mo rent. Return on cash invested shows 33.14% in year one, and 5% annual appreciation builds toward $49,703 over five years. Five-year ROI reaches 173.59% and total cumulative return in cash records $103,521. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,738/mo property income covering a $881/mo payment rather than investor’s personal income.
Single Family
Built in 1959
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: Jennifer L Jackson • Re/Max County Wide 1st
Mls Name: IRMLS
Mls ID: #202536844