507 W Marion StSouth BendIN46601
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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 507 W Marion St, South Bend, IN, 46601 priced at $244,100 converts $1,178/mo rent into after a $1,195/mo obligation. Total monthly income equals $1,178/mo. Return on cash invested prints 15.64% in year one, and rental yield reads 5.79% against a $244,100 entry. Equity gained on principal adds $1,575/yr, while 5% annual appreciation compiles into $67,440 by year five. Five-year ROI reaches 79.76% and total cumulative return in cash sums $64,542. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,178/mo property income covering a $1,195/mo payment, not borrower’s personal income.
Single Family
Built in N/A
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46601, South Bend, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,926 (100%) |
| Owner Occupied HU | 518 (17.7%) |
| Renter Occupied HU | 1,844 (63.0%) |
| Vacant Housing Units | 564 (19.3%) |
| Median Home Value | $156,964 |
| Average Home Value | $180,471 |
Housing Distribution
Address Breakdown
Residential
2,428
Single Family
1,533
Multi-Family
895
Businesses
597
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Listed by: N/A • N/A
Mls Name: Zillow Rentals
Mls ID: #N/A