502 S 28th StSouth BendIN46615
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowDay-one income is the story at 502 S 28th St, South Bend, IN, 46615 in South Bend. Priced at $121,200, it generates $1,505/mo in gross rent and $749/mo in net monthly cash flow, a 14.9% yield that comfortably supports the 2.76 DSCR needed for Ziffy Mortgage's no-W2 DSCR mortgage. Projected annual cash flow: $8,994. Five-year appreciation: $33,485. Equity from principal paydown: $1,116/yr. Total projected cumulative return: $94,231.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 14.9% | 5.8% |
| Monthly Cash Flow | $749 | $850 |
City averages based on South Bend market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,505 |
| Total Monthly Debt Service | $707 |
| DSCR Ratio | 2.13x |
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 1927
5,120 sqft 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 1927
5,120 sqft lot
$N/A/sqft
No HOA
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: N/A • N/A
Mls Name: undefined
Mls ID: #N/A