505 W North Shore DrSouth BendIN46617
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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
Investment property for sale in South Bend at 505 W North Shore Dr, South Bend, IN, 46617 with 5% annual appreciation on a $395,000 basis while $3,289/mo rent supports operations. Total monthly income totals $3,289/mo and a $1,933/mo payment preserves $877/mo for cash returns. Annual cash flow comes to $10,525/yr on $130,943 deployed, and return on cash invested reaches 27.95% in year one. Equity gained on principal adds $2,549/yr, and five-year appreciation sums $109,131 alongside rental yield of 9.99%. Five-year ROI measures 145.86% and total cumulative return in cash totals $190,998.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $3,289/mo property income versus a $1,933/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1954
0.34 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46617, South Bend, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,952 (100%) |
| Owner Occupied HU | 2,445 (41.1%) |
| Renter Occupied HU | 2,305 (38.7%) |
| Vacant Housing Units | 1,202 (20.2%) |
| Median Home Value | $267,663 |
| Average Home Value | $323,517 |
Housing Distribution
Address Breakdown
Residential
4,804
Single Family
3,675
Multi-Family
1,129
Businesses
341
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Listed by: Tara Vinson • Berkshire Hathaway HomeServices Northern Indiana Real Estate
Mls Name: IRMLS
Mls Provider:
Mls ID: #202526893
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.