4305 Cherry Pointe DrSouth 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 4305 Cherry Pointe Dr, South Bend, IN, 46628 priced at $349,999 converts $2,439/mo rent into $295/mo cash flow after a $1,713/mo obligation. Total monthly income equals $2,439/mo, and annual cash flow totals $3,536/yr on $116,025 invested. Return on cash invested prints 22.96% in year one, and rental yield reads 8.36% against a $349,999 entry. Equity gained on principal adds $2,258/yr, while 5% annual appreciation compiles into $96,698 by year five. Five-year ROI reaches 119.11% and total cumulative return in cash sums $138,194. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,439/mo property income covering a $1,713/mo payment, not borrower’s personal income.
Single Family
Built in 2016
6,969 sqft lot
$N/A/sqft
No HOA
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Listed by: Leah Sarber • RE/MAX 100 Elkhart
Mls Name: IRMLS
Mls Provider:
Mls ID: #202522103
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.