431 S 29th StSouth BendIN46615
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash Flow431 S 29th St, South Bend, IN, 46615 in South Bend is a top-tier cash-flow asset. At $189,999 it produces $1,884/mo in rent and $743/mo in net monthly income, a 11.9% gross rental yield. The DSCR of 2.21 qualifies for Ziffy Mortgage's DSCR loan without W-2s or U.S. credit history. Annual cash flow: $8,922. Five-year appreciation adds $52,493, driving a total cumulative return of $119,787.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 11.9% | 5.8% |
| Monthly Cash Flow | $743 | $850 |
City averages based on South Bend market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,884 |
| Total Monthly Debt Service | $1,065 |
| DSCR Ratio | 1.77x |
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 1950
0.37 Acres lot
$N/A/sqft
No HOA
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 1950
0.37 Acres lot
$N/A/sqft
No HOA
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Shellie Wooldridge • Hendrix Homes Realty LLC
Mls Name: IRMLS
Mls ID: #202604066